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

The geometric index or industrial share index, The Geometric Index or Indus...

The Geometric Index or Industrial Share index The Geometric Index or Industrial Share index is an index of 30 selected top industrial companies. This is calculated by taking a

Laws of set algebra, Laws of Set Algebra From the given Venn diagram w...

Laws of Set Algebra From the given Venn diagram where T is the universal set and A its subset that we can deduce a number of laws as: i. A υ Ø = A ii. A υ T = T

Find the lesser of two consecutive positive even integers, Find the lesser ...

Find the lesser of two consecutive positive even integers whose product is 168. Let x = the lesser even integer and let x + 2 = the greater even integer. Because product is a k

Fiancial project, With your current loan, explain how much additional money...

With your current loan, explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Decide whether or not it wou

How many pounds should nicole put in every basket, Nicole is forming 20 gif...

Nicole is forming 20 gift baskets. She has 15 pounds of chocolates to distribute equally between the baskets. If each basket gets the similar amount of chocolates, how many pounds

How i get orders, how i become an assignment helper?n how i get order from ...

how i become an assignment helper?n how i get order from students?what should i do

Probabily example, A sample of students had a mean age of 35 years along w...

A sample of students had a mean age of 35 years along with a standard deviation of 5 years. A student was randomly picked from a group of 200 students. Determine the probability

Grouping-categories of situations requiring division , Grouping - situatio...

Grouping - situations in which we need to find the number of portions of a given size which can be obtained from a given quantity. (e.g., if there are 50 children in a class and t

Vijay, how to solve trignometric equations more easier?

how to solve trignometric equations more easier?

Mean and standard deviation , A professor is interested in decisive if atte...

A professor is interested in decisive if attending college influences the level at which an individual cooperates with the police. The professor is not sure  if attending college w

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