Question

Data shows that the probability of dying from cardiovascular disease is 0. 45 and that the probability from dying of cancer is 0. 22. What is the probability of dying from some other cause?.

Answer 1

Given that there is a 1:1 chance of dying from any cause, the odds of dying from something other than cancer or cardiovascular disease are 1 - 0.45 - 0.22 = 0.33

A statistical estimate of the likelihood that a person will pass away within a year based on their age, sex, and other factors is known as the "yearly probability of dying."

Mortality tables, which are frequently used to determine life insurance premiums and annuity prices, reflect each person's likelihood of passing away.

Another way to view the same data is as yearly probability of surviving.

The percentage of people in a given group who are statistically likely to pass away in a specific time period is reflected in mortality tables, also referred to as actuarial or life tables, on which yearly probability of dying estimates are based. These percentages are calculated by dividing the total number of deaths in that group by the total number of individuals present at the start of the period.

Learn more about Probability of dying, here

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