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

Multiplication of two complex numbers, Multiply the given below and write t...

Multiply the given below and write the answer in standard form. (2 - √-100 )(1 + √-36 ) Solution If we have to multiply this out in its present form we would get,  (2 -

One of these food groups, In a collection of 30 dissimilar birds, 15 eat wo...

In a collection of 30 dissimilar birds, 15 eat worms, 18 eat fruit, and 12 eat seeds. Accurately 8 eat worms and seeds, 8 eat worms and fruit, 7 eat fruit and seeds, and 4 eat each

Problem solving, compare 643,251;633,512; and 633,893. The answer is 633,51...

compare 643,251;633,512; and 633,893. The answer is 633,512

6th grade, what is the length of a line segment with endpoints (-3,2) and (...

what is the length of a line segment with endpoints (-3,2) and (7,2)?

What is the average temperature on the celsius scale, Peggy's town has an a...

Peggy's town has an average temperature of 23° Fahrenheit in the winter. What is the average temperature on the Celsius scale? If the total amount for both is 80, after that th

Video games, Should video game companies continue to alter their products t...

Should video game companies continue to alter their products to include other functions, such as e-mail

Actual implicit solution, y 2 = t 2 - 3 is the actual implicit solution t...

y 2 = t 2 - 3 is the actual implicit solution to y'= t/y, y(2) = -1. At such point I will ask that you trust me that it is actually a solution to the differential equation. You w

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