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

Simple interest, find the simple interest on Rs. 68,000 at 50/3 per annum f...

find the simple interest on Rs. 68,000 at 50/3 per annum for 9 month

Determine the largest possible domain and inverse function, Consider the fu...

Consider the function f(x) =1/2 (2 x +2 -x ) which has the graph (a) Explain why f has no inverse function. You should include an example to support your explanation

Velocity and acceleration - three dimensional space, Velocity and Accelerat...

Velocity and Acceleration - Three Dimensional Space In this part we need to take a look at the velocity and acceleration of a moving object.    From Calculus I we are famili

Give the definition of logarithms, Give the Definition of Logarithms ? ...

Give the Definition of Logarithms ? A logarithm to the base a of a number x is the power to which a is raised to get x. In equation format: If x = ay, then log a x = y.

Children learn maths by experiencing things, Children Learn By Experiencing...

Children Learn By Experiencing Things : One view about learning says that children construct knowledge by acting upon things. They pick up things, throw them, break them, join the

Frequency polygon, how to compute the frequncy polygon of the scores?

how to compute the frequncy polygon of the scores?

Wit tester., two fathers and two sons went fishing . they caught only 3 fis...

two fathers and two sons went fishing . they caught only 3 fish and divided them equally among themselves without cutting. is it possible? how?

Example on discrete mathematics, Suppose that at some future time every tel...

Suppose that at some future time every telephone in the world is assigned a number that contains a country code, 1 to 3 digits long, that is, of the form X, XX , XXX or followed

Define a complete lattice, Define a complete lattice and give one example. ...

Define a complete lattice and give one example. Ans:  A lattice (L, ≤) is said to be a complete lattice if, and only if every non-empty subset S of L has a greatest lower bound

Determine the max theoretical information rate, 1 Data is to be transmitted...

1 Data is to be transmitted over Public Switched Telephone Network (PSTN) using 8 levels per signaling elements. If the bandwidth is 3000 Hz, deduce the theoretical maximum transfe

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