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

Trigonometry, how to work out consumer arithmetic?

how to work out consumer arithmetic?

Constantinople byzance adrienople nicosia, What was the name of Istanbul be...

What was the name of Istanbul before its capture by the Turks? Constantinople Byzance Adrienople Nicosia

Assisnment, How a student of mathematics of b.sc can make an assignment on...

How a student of mathematics of b.sc can make an assignment on topic of asymptotes?

Tristansmath, how do i multiply demencinals

how do i multiply demencinals

Systematic sampling, Systematic Sampling Systematic sampling is a part ...

Systematic Sampling Systematic sampling is a part of simple random sampling in descending or ascending orders. In systematic sampling a sample is drawn according to some predet

Maths for fun-mathematics- in our lives, Maths For Fun :  Often, when I ha...

Maths For Fun :  Often, when I have time on my hands, I try to solve interesting mathematical questions of the following kind. Sometimes my friends and I create the problems, and

Famous Numbers, Do you provide the answers to the Famous Numbers Exercise?

Do you provide the answers to the Famous Numbers Exercise?

Find the area of shaded region, Find the area of shaded region, if the side...

Find the area of shaded region, if the side of square is 28cm and radius of the sector is ½ the length of side of square.

Homogeneous differential equation, Assume that Y 1 (t) and Y 2 (t) are two ...

Assume that Y 1 (t) and Y 2 (t) are two solutions to (1) and y 1 (t) and y 2 (t) are a fundamental set of solutions to the associated homogeneous differential equation (2) so, Y

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