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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
1. What is the value of Φ(0)? 2. Φ is the pdf for N(0, 1); calculate the value of Φ(1.5). 3. Suppose X ~ N(0, 1). Which, if either, is more likely: .3 ≤ X ≤ .4, or .7 ≤ X ≤
Financial institutions often create synthetic instruments out of existing instruments. In this case an investment bank plans to buy Treasury Bonds with 20-year maturities at their
We are until now going to suppose that there will be no external forces acting on the system, along with the exception of damping obviously. Under this case the differential equati
Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the
Express the GCD of 48 and 18 as a linear combination. (Ans: Not unique) A=bq+r, where o ≤ r 48=18x2+12 18=12x1+6 12=6x2+0 ∴ HCF (18,48) = 6 now 6
understandin rates and unitrates
solve for x and y 2x+3y=12 and 30x+11y=112
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What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4; 3/4 is 75%.
The following table contains some information about the model used. Assume the probabilities given by the model are those of being a good writer. Variable
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