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:
“The record of one’s life must needs prove more interesting to him who writes it than to him who reads what has been written.
“I have no name:
“I am but two days old.”
What shall I call thee?
“I happy am,
“Joy is my name.”
Sweet joy befall thee!”
—William Blake (1757–1827)
“A man who can dominate a London dinner table can dominate the world. The future belongs to the dandy. It is the exquisites who are going to rule.”
—Oscar Wilde (1854–1900)