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

Brahmaguptas problem, How to solve Brahmaguptas Problem? Explain Brahmagupt...

How to solve Brahmaguptas Problem? Explain Brahmaguptas Problem solving method?

A graph with a positive slope, A graph with a positive slope shows that the...

A graph with a positive slope shows that the variables depicted on the axes goes in the similar directions.

Midpoint rule - approximating definite integrals, Midpoint Rule - Approxima...

Midpoint Rule - Approximating Definite Integrals This is the rule which should be somewhat well-known to you. We will divide the interval [a,b] into n subintervals of equal wid

What is venn diagram, The diagrams drawn to given sets are called as Venn d...

The diagrams drawn to given sets are called as Venn diagrams or Eule -Venn diagrams. Here given the universal set U by points within rectangle and the subset A of the set U given b

Compound angles, determine the exact value of cos (11*3.145/6)

determine the exact value of cos (11*3.145/6)

?, x/15=50/20

x/15=50/20

Linear equations, Linear Equations - Resolving and identifying linear fir...

Linear Equations - Resolving and identifying linear first order differential equations. Separable Equations - Resolving and identifying separable first order differential

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