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

Integration, Integration of square root of sin

Integration of square root of sin

Complementary addition-word problems related to subtraction, Complementary ...

Complementary addition -what number how many things should be added to one number or group to get the other. (e.g., a classroom can seat 50 children, and 20 children are already s

Subtraction involving negative numbers, Q. Subtraction Involving Negative N...

Q. Subtraction Involving Negative Numbers? In order to subtract positive and negative numbers, you need to be aware of the Rule for Subtraction. This rule states that subtracti

Marginal cost & cost function, Marginal cost & cost function  The cost ...

Marginal cost & cost function  The cost to produce an additional item is called the marginal cost and as we've illustrated in the above example the marginal cost is approxima

Example of repeated eigenvalues, Illustration : Solve the following IVP. ...

Illustration : Solve the following IVP. Solution: First get the eigenvalues for the system. = l 2 - 10 l+ 25 = (l- 5) 2 l 1,2 = 5 Therefore, we got a

Polya’s first and second principle:-mathematical problem, Mathematical Prob...

Mathematical Problem Solving In 1945, mathematician George Polya (1887-1985) published a book titled How To Solve It in which he demonstrated his approach to solving problems.

Prove which divide these sides in the ratio 2: 1, In a right triangle ABC, ...

In a right triangle ABC, right angled at C, P and Q are points of the sides CA and CB respectively, which divide these sides in the ratio 2: 1. Prove that  9AQ 2 = 9AC 2 +4BC 2

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