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

High self-esteem helps learning-how do children learn?, High Self-esteem He...

High Self-esteem Helps Learning :  Consider Ajay, a student of Class 2. He is constantly told by his irritated father, "How stupid you are! You don't even understand this! Even yo

Stakeholders, what is the benefit for stakeholders or disadvantage in a mon...

what is the benefit for stakeholders or disadvantage in a monoply

Marketing research, In pharmaceutical product research doctors visit the pl...

In pharmaceutical product research doctors visit the place to learn what

Describe the introduction to integers, Describe the Introduction to Integer...

Describe the Introduction to Integers ? Integers include the positive and negative whole numbers, such as -4, -3, -2, -1, 0, 1, 2, 3, 4, and so on. A negative number has a "

What is the integratin of 1/sin2x?, ∫1/sin2x dx = ∫cosec2x dx = 1/2 log[cos...

∫1/sin2x dx = ∫cosec2x dx = 1/2 log[cosec2x - cot2x] + c = 1/2 log[tan x] + c Detailed derivation of ∫cosec x dx = ∫cosec x(cosec x - cot x)/(cosec x - cot x) dx = ∫(cosec 2 x

Solve 5x tan (8x ) =3x trig function, Solve 5x tan (8x ) =3x . Solution...

Solve 5x tan (8x ) =3x . Solution : Firstly, before we even begin solving we have to make one thing clear.  DO NOT CANCEL AN x FROM BOTH SIDES!!! Whereas this may appear like

The expected monetary value method, The expected monetary value method ...

The expected monetary value method The expected pay off as profit associated with a described combination of act and event is acquired by multiplying the pay off for that act a

rational nmber, every rational nmber is expressible either as a_________or...

every rational nmber is expressible either as a_________or as a____________decimal.

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