[The last two years in the SEMN. Balance and future]

The actuarial approach, a statistical method originally developed for life insurance risk assessment, is widely used to calculate survival rates in clinical and population studies. This method accounts for participants lost to follow-up or those who die from causes unrelated to the study, ensuring a more accurate representation of survival probabilities.
Consider the example of a high-risk surgical procedure with significant early-stage mortality. A two-year clinical study is conducted,...

Imagine an asset price that crashes to a low point, rebounds sharply as bargain-hunters step in, and then gradually declines. Such behavior can be modeled with a smooth function whose turning points represent locally overvalued and undervalued regions. A convenient example that captures rebound followed by decay is:The high and low points of this curve are identified using the first derivative test, which determines where the function changes from increasing to decreasing or vice versa. To...

The inner ear assumes dual functionalities of auditory perception and equilibrium maintenance. The vestibule is the organ responsible for balance. This organ contains mechanoreceptors, specifically hair cells, endowed with stereocilia, which aid in deciphering information regarding the position and motion of our heads. Two intrinsic components, the utricle and saccule, help perceive head position, while the semicircular canals track head movement. Neurological messages initiated in the...

Compound interest describes how an investment grows when interest is added not only to the initial amount but also to previously earned interest. With a 4% annual compound interest rate, each year’s balance becomes 1.04 times the previous year’s amount. This growth forms a geometric sequence, where the common ratio of 1.04 represents the consistent multiplier applied to each term.To analyze whether an infinite sum of such terms reaches a finite value or grows indefinitely, mathematicians use...

Information is everywhere and its presentation—such as how and when items are presented—can impact our perceptions and decisions surrounding the info. This broad concept umbrellas framing effects—influences that occur due to the way information is framed in its appearance, whether it’s purely the order or the specific wording of a message. Let’s take a look at numerous ways in which two versions of something can objectively say the same thing, yet we respond in different ways based on the...

An infinite series is formed by adding the terms of an infinite sequence. Although the addition continues without end, some infinite series approach a definite finite value. This idea is useful for modeling physical processes in which each successive action becomes smaller, such as the motion of a bouncing ball that rises to a fraction of its previous height after each bounce.Consider a ball dropped from a height of one meter. After the first drop, it rises to half of that height, or 0.5 meters.