Fundy
Well-known member
That 20% figure I guess was actually based on people that were hospitalized, thus 20% of those hospitalized died. But if it were based on a per
person, I think your expression should be correct. But also for some reason I still believe 20% of 65 if it were a 100 person sample would have to hold true. Or those 1%,2% numbers would prove false.
Hey, try doing the math in that example for the next five year period of someone at age 70, using the 2% event rate with a 20% mortality.
(1-.996^5)=.0198 or almost 2 people in one hundred would die every year for that period.
What's up with that?
I think it violates the binomial nature required for use with the equation somehow.
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No, that doesn't express what I thought it would.
Probability of dying all five years is .004^5 which is basically zero. Not sure what I thought it would express. At the moment.
But the independence necessary is definitely violated. The years rates following each other depend on whether or not a mortality happened. so 2% in year two isn't 2% if year 1 was fatal. In roulette each of the spins is independent from the other, but its not when an event can have something like mortality associated with it that affect the other year probability rates.
I think the algorithm needs to be either more complicated or maybe just differ different altogether. My understanding of both stat and probability algorithms needs way too big of a refresher to tell what sort of adjustment needs done to adjust for bleed event probabilities lack of independence.
person, I think your expression should be correct. But also for some reason I still believe 20% of 65 if it were a 100 person sample would have to hold true. Or those 1%,2% numbers would prove false.
Hey, try doing the math in that example for the next five year period of someone at age 70, using the 2% event rate with a 20% mortality.
(1-.996^5)=.0198 or almost 2 people in one hundred would die every year for that period.
What's up with that?
I think it violates the binomial nature required for use with the equation somehow.
----------------------------
No, that doesn't express what I thought it would.
Probability of dying all five years is .004^5 which is basically zero. Not sure what I thought it would express. At the moment.
But the independence necessary is definitely violated. The years rates following each other depend on whether or not a mortality happened. so 2% in year two isn't 2% if year 1 was fatal. In roulette each of the spins is independent from the other, but its not when an event can have something like mortality associated with it that affect the other year probability rates.
I think the algorithm needs to be either more complicated or maybe just differ different altogether. My understanding of both stat and probability algorithms needs way too big of a refresher to tell what sort of adjustment needs done to adjust for bleed event probabilities lack of independence.
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