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 many can speak both english and russian, In a group of 1000 people, the...

In a group of 1000 people, there are 750 people will speak English and 400 people will speak Russian. How many may speak English only? How many will speak Russian? How many can spe

Hexagon, how many sides does a regular hexagon have?

how many sides does a regular hexagon have?

Time and Work, A and B can finish a piece of work in 16 days and 12 days re...

A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the

Find the interval of validity, Solve the subsequent IVP and find the interv...

Solve the subsequent IVP and find the interval of validity for the solution. y' + (4/x) y = x 3 y 2 ,       y(2) = - 1,  x > 0 Solution Thus, the first thing that we re

Solution by factorization, Solution by Factorization, please solve quadrati...

Solution by Factorization, please solve quadratic equations by Factorization.

Infinite limits, Infinite Limits : In this section we will see limits who...

Infinite Limits : In this section we will see limits whose value is infinity or minus infinity.  The primary thing we have to probably do here is to define just what we mean w

Transpotation, how can you determine trasportation schedule that minimizes ...

how can you determine trasportation schedule that minimizes cost

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