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There is! https://en.wikipedia.org/wiki/Survival_function https://en.wikipedia.org/wiki/Survival_function I understand this is what actuaries spend their days
by ldp01 8y ago
There is!
https://en.wikipedia.org/wiki/Survival_function https://en.wikipedia.org/wiki/Survival_function
I understand this is what actuaries spend their days tabulating.
(I am an engineer not an actuary but in the past I been involved in efforts to apply the same maths to asset aging. However your mileage varies massively with the quality of your data).