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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
A motor boat takes Six hours to cover 100 km downstream and 30 km upstream. If the motor boat goes 75 km downstream and returns back to its starting point in 8 hours, find the sp
using the g.e matrix, how can you turn an unattractive product to be attractive
x=±4, if -2 = y =0 x=±2, if -2 = y = 0
Formulas
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