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

Properties of exponential form, Properties 1.   The domain of the logar...

Properties 1.   The domain of the logarithm function is (0, ∞ ) .  In other terms, we can just plug positive numbers into a logarithm! We can't plug in zero or a negative numbe

Problem word solving, Mrs. Jones and Mr. Graham had the same amount of mone...

Mrs. Jones and Mr. Graham had the same amount of money at first. After Mrs. Jones bought a computer that cost $2,055, she had 1/4 as much money as Mr. Graham. How much money di

Probability, Probability -Probability is an extremely popular concept ...

Probability -Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact

Purely imaginary number, It is totally possible that a or b could be zero a...

It is totally possible that a or b could be zero and thus in 16 i the real part is zero.  While the real part is zero we frequently will call the complex numbers a purely imaginar

Marketing management, successful marketing research relies on accurate iden...

successful marketing research relies on accurate identification of the research objectives. Critically discuss when setting relevant research objectives, drawing on marketing theor

Curve tracing, how to curve trace? and how to know whether the equation is ...

how to curve trace? and how to know whether the equation is a circle or parabola, hyperbola ellipse?

Conic-section , How will you find the vertex of a parabola given in 2nd de...

How will you find the vertex of a parabola given in 2nd degree form (the axis of parabola is not parallel to coordinate axes)? Ans) Write the equation in type of standard form.

Inequalality, the low temperature in onw city was -4degrees Fahrenheit. The...

the low temperature in onw city was -4degrees Fahrenheit. The low temperature in another city was 8degrees Fahrenheit. what is an inequality to compare those temperatures

Determine the domain and range of function, Determine the domain of each of...

Determine the domain of each of the following functions.                         f( x ) = x - 4 / x 2 - 2 x -15 Solution With this problem we have to avoid division by

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