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

Solution of rectilinear figures, A tower and a monument stand on a level pl...

A tower and a monument stand on a level plane. the angles of depression on top and bottom of the monument viewed from the top of the tower are 13 degrees and 31 degrees, respective

Find the discount factors and linear interpolation, Question: All rates...

Question: All rates should be calculated to 3 decimal places in % (e.g. 1.234%), the discount factors to 5 decimal places (e.g. 0.98765), and the bond prices to 3 decimal place

Estimating sums, round to the nearest ten to estimate , 422+296

round to the nearest ten to estimate , 422+296

prove area of rhombus on hypotenuse right-angled triangle, Prove that the ...

Prove that the area of a rhombus on the hypotenuse of a right-angled triangle, with one of the angles as 60o, is equal to the sum of the areas of rhombuses with one of their angles

Linear equation, develop any two linear equation which are reducible into l...

develop any two linear equation which are reducible into linear form from our daily life by cross multiplication

Market orientation, what is market orientation? what is the importance of ...

what is market orientation? what is the importance of market orientation?what are its implementation?

Probability that a leap year will have 53 sunday?explain, A leap year has 3...

A leap year has 366 days, therefore 52 weeks i.e. 52 Sunday and 2 days. The remaining 2 days may be any of the following : (i) Sunday and Monday (ii) Monday and Tuesday (iii)

find out the dimensions which will minimize, We desire to construct a box ...

We desire to construct a box whose base length is three times the base width. The material utilized to build the top & bottom cost $10/ft 2 and the material utilized to build the

Determine the probability , A medical survey was conducted in order to esta...

A medical survey was conducted in order to establish the proportion of the population which was infected along with cancer. The results indicated that 40 percent of the population

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