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

Illustrate Ionic solids, Ionic solids, which have anionic vacancies because...

Ionic solids, which have anionic vacancies because of metal excess defect develop colour. Illustrate with the help of a suitable example.

Calculus Homework, Find the slope of the line tangent to the graph of f(x)=...

Find the slope of the line tangent to the graph of f(x)= 3-2ln(2x^2+4) at the point (4, F(4))

Estimates the probabilities of price changes, Mr. Hoper is in charge of inv...

Mr. Hoper is in charge of investments for the golden horizon company. He estimates from past price fluctuations in the gold market that the probabilities of price changes on a give

Find the largest clique, Generate G(1000,1/2) and find the largest clique ...

Generate G(1000,1/2) and find the largest clique you can.  A clique is a complete sub graph, that is, a set of vertices each pair of which is connected by an edge.

Conscious consumer, a group of 3o students is planning a thanksgiving party...

a group of 3o students is planning a thanksgiving party items needed hats @ $2.50 each.noise makers@$4.00 per pack of 5.Ballons @$5.00 per pack of 10.how many packs of noisemakers

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