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

The new area is 168 square inches how many inches increase, A 4-inch by 6-i...

A 4-inch by 6-inch photograph is going to be enlarged through increasing each side by the similar amount. The new area is 168 square inches. How many inches is each dimension incre

Arithmetico geometric progression, find the sum of the following series upt...

find the sum of the following series upto n terms: 1*2+2*4+3*8+4*16+.....

Simpson rule - approximating definite integrals, Simpson's Rule - Approxima...

Simpson's Rule - Approximating Definite Integrals This is the last method we're going to take a look at and in this case we will once again divide up the interval [a, b] int

Laws of logarithms, express each logariths in terms of log3 P and log3 Q. 1...

express each logariths in terms of log3 P and log3 Q. 1. log3 P^2 Q^3

Determine the equation of plane - three dimensional space, Determine the eq...

Determine the equation of the plane that consists of the points P = (1, -2, 0), Q = (3, 1, 4) and R = (0, -1, 2). Solution To write down the equation of plane there is a re

Understanding Logistics, How can i get a better understanding of logistics ...

How can i get a better understanding of logistics without having a degree on logistics and knowledge of it? Simply, in a very basic form..

Projections - vector, Projections The good way to understand projection...

Projections The good way to understand projections is to see a couple of diagrams. Thus, given two vectors a → and b → we want to find out the projection of b → onto a → . T

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