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

Probability exercise, 1. A psychologist developed a test designed to help p...

1. A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new empl

Divide by 1-digit numbers, which experession can be used to check the quoti...

which experession can be used to check the quotient 646 divided by 3

12, Ask question #Minimum 100 words accepted linear algebra

Ask question #Minimum 100 words accepted linear algebra

Math, A screening test for a newly discovered disease is being evaluated. I...

A screening test for a newly discovered disease is being evaluated. In order to determine the effectiveness of the new test, it was administered to 900 workers; 150 of the individu

Hours, jeff left hartford at 2:15 pm and arrived in boston at 4:45 pm how l...

jeff left hartford at 2:15 pm and arrived in boston at 4:45 pm how long did the drive take him?

Area under curve, w/ You could use this sample code to test your C function...

w/ You could use this sample code to test your C functions // Please make appropriate changes to use this for C++. // Following main function contains 3 representative test cases

Simpson rule - approximating definite integrals, Simpson's Rule - Approxima...

Simpson's Rule - Approximating Definite Integrals This is the last method we're going to take a look at and in this case we will once again divide up the interval [a, b] int

Give the introduction to amino acid and nucleotide metabolis, Give the Intr...

Give the Introduction to amino ACID and nucleotide metabolism ? Here, we studied about the chemistry of proteins and amino acids. We studied that the amino acids are used for p

Differential equation - variation of parameters, Variation of Parameters ...

Variation of Parameters Notice there the differential equation, y′′ + q (t) y′ + r (t) y = g (t) Suppose that y 1 (t) and y 2 (t) are a fundamental set of solutions for

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