The Science and Business of Life Expectancy: Part 3 - The Probabilities of Life, Continued

Students will orient to the varied rates of death that depend on age. They will learn how to check for conditions of valid sampling designs that let them use the Normal curve for modeling their sample. Students wrap up with an assignment to sample their families using the 4 life expectancy factors discovered in earlier lessons.

This lesson is calculator heavy. Best practice is for you to complete calculations first and be fluent on the TI-84 Plus. By the end of this lesson, students will:
Know and create an expected value model for life insurance
Learn why small samples can produce results that generalize an entire population
Be ready to sample your family for life expectancy factors in a way that conforms to valid sampling methods