Full text: On the value of annuities and reversionary payments, with numerous tables (Volume 2)

22 ON PROBABILITY. 
greater than ¢.(b — 1) times the parcel immediately preceding it, and very 
much greater than i times the sum of all the parcels which precede it. 
Exactly the same reasoning will show that if p,,, can be made greater than 
i.(a — 1) times p,,, _ ,y that is, iin > i.(a—1) the parcel of the second 
limit, will, with the same value of am, be more than i times greater than all 
the parcels which follow it. 
35. Let a be that one of the quantities « and 5, which is not the least, 
A value of m, which will make p™“ greater than i. (¢ — 1) times p,,,_.., and 
than .(@— 1) times Pp orm Will evidently satisfy both the above-mentioned 
conditions. 
Pua. (ma+1).. (ma m) GC) = (mab +b)..(mab-4 mb) 
Pmagm (mb—{m—11%1)..mb\a (mab— {m-1}%}a).. mab 
b 
The last pair of factors here is meh mh or el and any other 
3 mab a 
pair, such as the #*, is é 
 mab-rb sx so @1 
br TD 
if mab4+rb>@-+1)(@mb—m 47), 
that is, if b< a+ 1, 
which by supposition itis. Therefore 
na a + 1 nm 
iY 
Pmatm a 
for there are m factors in this continued product. 
Pos _ (mb+1)..(mb +m) NE paid auncidn } 
Pna-m (Mma—{m—1%})..ma\b (mab—.{m—1%}b)...mb 
Any factor, as the +, here 
: _ mab+ra wa a+ 1 
aU AT which is > £2 en 
if admdb+t+n>=@+1).b(ma—{m-r}), 
that is, if ra(@—0b)+ (m—1r).0>=0, 
which it must always be, for neither @ — 4, nor m — #, can ever become 
negative, 
{ Pua a - by 3 i: + 1 m ; 
oo — —or oe Pie AS —) = 3% 
log. ¢ (a — 
or mit one 1 
log.(@ + 1) — log. a 
and with this value of m both the necessary conditions are satisfied. 
36. Therefore the probability 
_ 1st parcel + 2d parcel + a, 
1st parcel + 2d parcel + a,, + sum of other parcels’ 
or since lst parcel +4 2d parcel > 4. (sum of other parcels) 
= ¢ (sum of other parcels) -} %,
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.