The Following Table Shows the Survival Experience of 1,000 Males

question 36

Multiple Choice

The following table shows the survival experience of 1,000 males who retire at age 65: Based on these data,the probability that a 75-year-old male will survive to age 80 is:

• A) 0.596
• B) 1 - 0.596 = 0.404
• C) 1 - 0.775 = 0.225
• D) 0.769

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Definitions:

College Graduates

People who have graduated from a higher education institution, such as a college or university.

Seasonal Unemployment

Joblessness related to seasonal variations in demand or supply of labor, commonly seen in industries such as tourism, agriculture, and retail.

Type of Unemployment

Categories of unemployment including cyclical, caused by economic downturns; frictional, resulting from the time lag between jobs; and structural, due to changes in the industry structure or technological advances.

Frictional Unemployment

Temporary unemployment occurring when individuals are transitioning between jobs, careers, or locations.