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Suppose that a nonmathematical, but philosophically minded, friend of yours claims that Laplace's rule of succession must be incorrect because it can lead to ridiculous conclusions. "For instance," says he, "the rule states that if a boy is 10years old, having lived 10years, the boy has probability1112of living another year. On the other hand, if the boy has an 80-year-old grandfather, then, by Laplace's rule, the grandfather has probability 8182of surviving another year. However, this is ridiculous. Clearly, the boy is more likely to survive an additional year than the grandfather is." How would you answer your friend?

Short Answer

Expert verified

Sometimes given a person's attributes, the likelihood that they will survive another year is not reliant on the number of years they have lived.

Unlike with coins, where the chance of a heads flip is independent of the number of prior flips for a given coinCi.

Step by step solution

01

Step: 1 Laplace rule:

The Laplace distribution is a continuous probability distribution named after the French mathematician Pierre-Simon Laplace. It is one of the first known probability distributions. This distribution, like the normal distribution, is unimodal (has just one peak) and symmetrical.

02

Step: 2 Laplace's rule equation:

A coin Ci~Specific person

Coing getting heads PHCi~Probability living another year.

ngets flipped ~nlived years.

By deducing Laplace's rule process,

PHCiFn=PHCi.

03

Step: 3 Conclusion:

That was not the case when it comes to humans and their life span. Will the person survive another year is determined by a variety of factors, including Fn, and is not determined by the individual's attributes (Ci).

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Most popular questions from this chapter

A total of 48 percent of the women and 37 percent of the men who took a certain “quit smoking” class remained nonsmokers for at least one year after completing the class. These people then attended a success party at the end of a year. If 62 percent of the original class was male,

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Hint: Condition on the type of this coupon.

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