What is the (cumulative) probability of
surviving at the beginning? (time 0)
What is the cumulative probability of
surviving to the beginning of the second
year?
What is the cumulative probability of
surviving at the end of the first year?
What is the cumulative probability of
surviving to the beginning of year 3?
What is the cumulative probability of
surviving to the beginning of year 4 or end
of year 3?
= 1.0
= 0.9
= 0.9
= 0.747
= 0.545