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

Right angle trigonometry, use the Pythagorean Theorem to find the length of...

use the Pythagorean Theorem to find the length of the missing side. Then find the indicated trigonometric function of the given angle. give an exact answer with a rational denomina

Characteristics and limitations of moving average, Characteristics and Limi...

Characteristics and Limitations of moving average Characteristics of moving average 1) The more the number of periods in the moving average, the greater the smoothing

Center of mass - applications of integrals, Center of Mass - Applications o...

Center of Mass - Applications of integrals In this part we are going to find out the center of mass or centroid of a thin plate along with uniform density ρ. The center of mass

How much will she owe the fabulous fence company, Kelly plans to fence in h...

Kelly plans to fence in her yard. The Fabulous Fence Company charges $3.25 per foot of fencing and $15.75 an hour for labor. If Kelly requires 350 feet of fencing and the installer

Combinations, Now we take up combinations and its related concepts. C...

Now we take up combinations and its related concepts. Combinations are defined as each of the groups or selections which can be made by taking some or all of the

Adding equally sized groups-prerequisites for multiplication, Adding Equall...

Adding Equally Sized Groups:  Once children have had enough practice of making groups of equal size, you can ask them to add some of these equal groups. They can now begin to atte

The sum of two integers is 36 what is the smaller number, The sum of two in...

The sum of two integers is 36, and the difference is 6. What is the smaller of the two numbers? Let x = the ?rst integer and let y = the second integer. The equation for the su

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