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

Sqrt n- sqrt 8836, How many integers satisfy (sqrt n- sqrt 8836)^2 Solutio...

How many integers satisfy (sqrt n- sqrt 8836)^2 Solution) sqrt 8836 = 94 , let sqrt n=x the equation becomes... (x-94)^2 (x-94)^2 - 1 (x-95)(x-93) hence  93 8649  the number o

Magnitude - vector, Magnitude - Vector The magnitude, or length, of th...

Magnitude - Vector The magnitude, or length, of the vector v → = (a1, a2, a3) is given by, ||v → || = √(a 1 2 + a 2 2 + a 2 3 ) Example of Magnitude Illus

Proof of sum-difference of two functions, Proof of Sum/Difference of Two Fu...

Proof of Sum/Difference of Two Functions : (f(x) + g(x))′  = f ′(x) +  g ′(x)  It is easy adequate to prove by using the definition of the derivative.  We will start wi

Trigonometric approximation grid, With a compass draw the arc associated wi...

With a compass draw the arc associated with a 720° angle, it looks like a circle. With a protractor, label the angle in multiples of 45° and 30° up to 720°.  Notice 30° and 390° ar

MATLAB, Program of "surface of revolution" in MATLAB

Program of "surface of revolution" in MATLAB

Measures of central tendency-graphical method , Illustration In a soci...

Illustration In a social survey whether the main reason was to establish the intelligence quotient or IQ of resident in a provided area, the given results were acquired as tab

Word problems, if I read 6 hours of spring break how many minutes did ...

if I read 6 hours of spring break how many minutes did read

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