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Actuarial Table (Noun)

Meaning

A table of statistical data.

Classification

Nouns denoting groupings of people or objects.

Examples

  • The insurance company used an actuarial table to determine the likelihood of a policyholder's death within a certain age range.
  • Actuarial tables are essential tools for actuaries to assess and manage risk in the insurance industry.
  • The actuarial table provided a detailed breakdown of mortality rates for different demographics and age groups.
  • By analyzing the actuarial table, the pension fund manager could better estimate the expected lifespan of its beneficiaries.
  • The actuarial table was used to calculate the present value of future benefits and determine the required funding for the retirement plan.

Synonyms

  • Statistical Table

Hypernyms

  • Tabular Array
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