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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
A man travels 600km partly by train and partly by truck. If he covers 120km by train and the rest by truck, it takes him eight hours. But, if he travels 200km by train and the res
Quotient Rule (f/g)' = (f'g - fg')/g 2 Here, we can do this by using the definition of the derivative or along with Logarithmic Definition. Proof Here we do the pr
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If a^n+1 + b^n+1/a^n + b^n is the arithmetic mean of a and b then find n. Answer:Arithmatic mean of a,b is =(a+b)/2 from the problem (a+b)/2=(a^n+1 +b ^n+1)/(a^n+b^n) then (a+
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Mutually Exclusive Events A set of events is said to be mutually exclusive if the occurrence of any one of the events precludes the occurrence of any of the other events for i
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