"Resolve an argument" filter: What to use to calculate the life expectancy of a 72yr old male? Yes, we are talking about John McCain.
So my brother (currently an associate, but almost a "fellowshipped" actuary by exams) and I (last took calc as a college frosh, and stats as a jr) have been having an argument regarding calculating life expectancies.
When I asked him how I could calculate the life expectancy, or the likelihood of death in 1 year, 2 years, 3 years, 4 years...from today, he came back with a life table from the SSA site (duh), He told me that there's about a 14.4% chance of death within 4 years.
Yeah, I can do the same thing. I also know that life tables are awesome when looking at the aggregate, but horrible when looking at individuals. If I wanted to know how many 24 year olds out of 10,000 would die this year, that life table would be spot on. It won't really tell how likely one 24 year old is likely to die accurately.
He told me that the SSA table is the tool actuaries use. Ummm no. I don't buy it. Sure it may be an initial reference point, but there is no way that one studies math for decades only to rely on a chart to make all the decisions. To be fair, he doesn't do THIS kind of actuarial work.
I KNOW that I won't understand the *why* of how the math was arrived at, but how is life expectancy arrived at? What is the likelihood of death for John McCain while in office for the first term.
Although life insurance applications may seem HUGE, they don't ask that many questions (to get the variables that need to be plugged into a formula). They take a simple medical exam (I just went through one: questions, height/weight, blood pressure, and some blood).
Without having ALL the specifics of McCain's medical records, but being able to google
a good portion of it, can someone calculate the likelihood of a Palin presidency contingent upon the Republicans winning the 2008 Presidential election?
I've seen some articles all over the place using basic math to arrive at a number (some as high as 40%[1 out of 2.5], and some as low as 0.3%[1 out of 333]), and I don't trust the math behind it. Sure this question has some political implications, but it is a STRICT MATHEMATICAL and SCIENTIFIC question. I don't want Obama supporters telling me that their pappy died at 71, so there's a 95% chance that he will die within the first year, and I don't want McCain supporters telling me that "71 is the new 30". I just want a straight answer.
posted by hal_c_on at 12:58 PM on October 4, 2008