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

How much is the volume increased, If the lengths of all sides of a box are ...

If the lengths of all sides of a box are doubled, how much is the volume increased? a. 2 times b. 4 times c. 6 times d. 8 times d. The volume of a box is taken by mu

Example of vector, Provide the vector for each of the following. (a) The...

Provide the vector for each of the following. (a) The vector from (2, -7, 0) -  (1, - 3, - 5 ) (b) The vector from (1,-3,-5) - (2, - 7, 0) (c) The position vector for ( -

Integers, hi i would like to ask you what is the answer for [-9]=[=5] grade...

hi i would like to ask you what is the answer for [-9]=[=5] grade 7

Lesson 3.5 skills practice, Noah is renewing a magazine subscription. one p...

Noah is renewing a magazine subscription. one package offers to renew the magazine for 3 years for 26$. A second package offers to renew the magazine for 5 years for $38

Geometry, RS=8y+4 ST=4y+8 RT=15y-9 a.) WHAT IS THE VALUE OF y b.) FIND RS...

RS=8y+4 ST=4y+8 RT=15y-9 a.) WHAT IS THE VALUE OF y b.) FIND RS, ST, AND RT

complex number z, For complex number z, the minimum value of |z| + |z - co...

For complex number z, the minimum value of |z| + |z - cosa - i sina|+|z - 2(cosa + i sina )| is..? Solution) |z| + |z-(e^ia)| + |z-2(e^ia)| we see.....oigin , e^ia , 2e^ia ,  f

Management, An investment manager at TD Ameritrade is making a decision abo...

An investment manager at TD Ameritrade is making a decision about a $10,000,000 investment. There are four portfolio options available and she is looking at annual return of these

Exponential functions, Exponential Functions : We'll begin by looking at t...

Exponential Functions : We'll begin by looking at the exponential function,                                                              f ( x ) = a x We desire to differe

Marketing research, Discuss the role research would play during your decisi...

Discuss the role research would play during your decision making

Proof integral function, Proof of: if f(x) > g(x) for a x b th...

Proof of: if f(x) > g(x) for a x b then a ∫ b  f(x) dx > g(x). Because we get f(x) ≥ g(x) then we knows that f(x) - g(x) ≥ 0 on a ≤ x ≤ b and therefore by Prop

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