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

Index numbers, What are advantages and disadvantages of both Laspeyres and ...

What are advantages and disadvantages of both Laspeyres and Paasche?

Linear Programming, #question.A manufacturer produces two items, bookcases ...

#question.A manufacturer produces two items, bookcases and library tables. Each item requires processing in each of two departments. Department 1 has 40 hours available and departm

We know this equation a°=1.prove this?, we know that log1 to any base =0 ta...

we know that log1 to any base =0 take antilog threfore a 0 =1

Calculate the probability, Coal is carried from a rrrine in West Virginia t...

Coal is carried from a rrrine in West Virginia to a power plant in New York in hopper cars on a long train. The automatic hopper car loader is set to put 36 tons of coal in each ca

Properties of dot product - proof, Properties of Dot Product - proof P...

Properties of Dot Product - proof Proof of: If v → • v → = 0 then v → = 0 → This is a pretty simple proof.  Let us start with v → = (v1 , v2 ,.... , vn) a

Write 3.5 × 104 in decimal notation, Write 3.5 × 104 in decimal notation? ...

Write 3.5 × 104 in decimal notation? Move the decimal point 4 places to the right to get 35,000.

Find lim sup, 1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd a...

1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd and liminf Ek=[(-1,(1/k)] for k even.  2.Show that the set E = {x in R^2 : x1, x2 in Q} is dense in R^2.  3.let r>0 an

Linear Equations, Tommy has a Nexus 4 that charges poorly. He placed his ph...

Tommy has a Nexus 4 that charges poorly. He placed his phone to charge,after 20 minutes the phone was 27% and after 85 minutes the phone was at 66%. Find how many percentage the p

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