In actuarial science and demography, a life table (also called a mortality table or actuarial table) is a table which shows, for each age, what the probability is that a person of that age will die before his or her next birthday ("probability of death"). From this starting point, a number of inferences can be derived.
- the probability of surviving any particular year of age
- remaining life expectancy for people at different ages
Life tables are also used extensively in biology and epidemiology. The concept is also of importance in product life cycle management.
Read more about Life Table: Background, Insurance Applications, The Mathematics, Ending A Mortality Table, Epidemiology
Famous quotes containing the words life and/or table:
“Tell me not, in mournful numbers,
Life is but an empty dream!—
For the soul is dead that slumbers,
And things are not what they seem.
Life is real! Life is earnest!
And the grave is not its goal;
Dust thou art, to dust returnest,
Was not spoken of the soul.”
—Henry Wadsworth Longfellow (1809–1882)
“Will you greet your doom
As final; set him loaves and wine; knowing
The game is finished when he plays his ace,
And overturn the table and go into the next room?”
—Philip Larkin (1922–1986)