Determine the probability, Mathematics

Assignment Help:

An insurance company/organization takes a keen interest in the age at which a person is insured. Thus a survey conducted on prospective clients indicated that for clients having the similar age the probability that they will be alive in 30 years time. This probability was established by utilizing the actuarial tables. If a sample of 5 people was insured still, determine the probability of having the given possible outcomes in 30 years

a) All are alive

b) At least 3 are alive

c) Mostly one is alive

d) None is alive

e) At least 1 is alive

Sample size = 5

P(alive) p = 2/3 where P (not alive) = q = 1/3


Related Discussions:- Determine the probability

Comercial maths, solve a trader purchases coffee at the rate of Rs. 350 per...

solve a trader purchases coffee at the rate of Rs. 350 per kg and mixes it with chicory bought at the rate of Rs.750 per kg in the ratio 5:2.If he sells the mixture at the rate of

Functions of several variables - three dimensional space, Functions of Seve...

Functions of Several Variables - Three Dimensional Space In this part we want to go over a few of the basic ideas about functions of much more than one variable. Very first

#title LOGIC, HOW MANY ZERO ARE THERE AT THE END OF 200

HOW MANY ZERO ARE THERE AT THE END OF 200

Write down the first few terms of the sequences, Write down the first few t...

Write down the first few terms of each of the subsequent sequences. 1. {n+1 / n 2 } ∞ n=1 2. {(-1)n+1 / 2n} ∞ n=0 3. {bn} ∞ n=1, where bn = nth digit of ? So

What is the smallest possible number 3, What is the smallest possible numbe...

What is the smallest possible number in which can be created along with four decimal places using the numbers 3, 5, 6, and 8? Place the smallest number in the largest place val

Sequence and series, Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+.....

Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=

Polynomials, simplify the expression 3/5/64

simplify the expression 3/5/64

Draw and label the graphs of the pdf, 1. What is the value of Φ(0)? 2. Φ...

1. What is the value of Φ(0)? 2. Φ is the pdf for N(0, 1); calculate the value of Φ(1.5). 3.  Suppose X ~ N(0, 1). Which, if either, is more likely: .3 ≤ X ≤ .4, or .7 ≤ X ≤

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd