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

What is a function, What is a Function, Anyway? Domain? Range? Next tim...

What is a Function, Anyway? Domain? Range? Next time you're at a fast-food restaurant, take a look at the price list. It may look something like this: • Hamburger.............

Minima, Minima, Maxima and points of inflexion a)      Test for rela...

Minima, Maxima and points of inflexion a)      Test for relative maximum Consider the given function of x whose graph is presented by the figure given below

Related rates of differentiation., Related Rates : In this section we wil...

Related Rates : In this section we will discussed for application of implicit differentiation.  For these related rates problems usually it's best to just see some problems an

Horizontal asymptote, The horizontal asymptote of (16x+7)(x^2-5)/(x^2+36).

The horizontal asymptote of (16x+7)(x^2-5)/(x^2+36).

Write following in terms of simpler logarithms, Write following in terms of...

Write following in terms of simpler logarithms.  (a) log 3 (9 x 4    / √y) Solution log 3 (9 x 4 / √y) =log ­ 3 9x 4 -  log  y (1/2) =log ­ 3 9 + log ­ 3 x 4

Deflation, Deflation Indexes may be utilized to deflate time series so...

Deflation Indexes may be utilized to deflate time series so that comparisons among periods may be made in real terms. This is a process of decreases a value measured in cur

Cartesian product of sets, The Cartesian product (also called as the cross ...

The Cartesian product (also called as the cross product) of two sets A and B, shown by AΧB (in the similar order) is the set of all ordered pairs (x, y) such that x€A and y€B. What

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