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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
How is the probability distribution of a random variable constructed? Usually, the past behavior of the variable is studied and the frequency distribution of the past data is form
Disjointed Sets or Mutually Exclusive Two sets are said to be mutually or disjointed exclusive whether they have no elements in common. Sets P and R underneath are disjointed
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If the M-th term of an Ap is n andn-th term M.find the p-th term
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If the population standard deviation is o=8, how large a sample is necessary to have a standard error that is: a. less than 4 points? b. less than 2 points? c. less than 1 poin
4*4=?
maximize Z=2x+5y+7z, subject to constraints : 3x+2y+4z =0
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For each of these arguments determine whether the argument is correct or incorrect and explain why. a) Everyone enrolled in the university has lived in a dormitory. Mia has never l
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