Studying for Exam LTAM, Part 1.9
Curtate Expectation of Life
Curtate Future Lifetime Random Variable
Studying for Exam LTAM, Part 1.8
When somebody asks you how old you are, how do you answer? Are you like most people? Do you give your age from your previous birthday? Or do you get extra-precise and say something like “I am 21 years, 5 months, and 1 week old”?
If you answer … Read the rest
Measures of Spread in Survival Models
Studying for Exam LTAM, Part 1.6
One of the main lessons students should get out of any statistics course is the fact that quantitative data can be described with summary measures.
Data come with a wide variety of “locations”, “spreads”, and “shapes”. These words refer to the nature of the distribution of a … Read the rest
The Complete Expectation of Life
Studying for Exam LTAM, Part 1.3
What is your life expectancy? Are you a smoker? A heavy drinker? Male or Female? And how well do you eat and exercise?
These factors can all affect how long you can “expect” to live.
However, the word “expect” can be misleading in this context. It is an … Read the rest