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

Polynomials in two variables, Polynomials in two variables Let's take a...

Polynomials in two variables Let's take a look at polynomials in two variables.  Polynomials in two variables are algebraic expressions containing terms in the form ax n y m

Determination of the regression equation, Determination of the Regression E...

Determination of the Regression Equation The determination of the regression equation such given above is generally done by using a technique termed as "the method of least sq

Diffrentiation, y=f(a^x)   and f(sinx)=lnx find dy/dx Solution) dy/dx...

y=f(a^x)   and f(sinx)=lnx find dy/dx Solution) dy/dx = (a^x)(lnx)f''(a^x), .........(1) but f(sinx) = lnx implies f(x) = ln(arcsinx) hence f''(x) = (1/arcsinx) (1/ ( ( 1-x

Children have their own strategies for learning maths, Children Have Their ...

Children Have Their Own Strategies For Learning Vibhor, aged 7, was once asked if he knew what 'seven lots of eight' are. He said he didn't. He was then asked, "Can you work it

Give introduction to pythagorean theorem, Give Introduction to Pythagorean ...

Give Introduction to Pythagorean Theorem ? The Pythagorean Theorem says that for any right triangle: a 2 + b 2 = c 2 , where c is the hypotenuse, and a and b are the legs. T

Negative function , Negative function : Several functions are not positive...

Negative function : Several functions are not positive however.  Consider the case of f (x ) =x 2 - 4 on [0,2].  If we utilizes n = 8 and the midpoints for the rectangle height w

Fundamental sets of solutions, The time has at last come to describe "nice ...

The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti

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