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

#title LOGIC, HOW MANY ZERO ARE THERE AT THE END OF 200

HOW MANY ZERO ARE THERE AT THE END OF 200

Minimizes the sum of the two distance, The value of y that minimizes the su...

The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.

Find out general formula for tangent vector and unit vector, Find out the g...

Find out the general formula for the tangent vector and unit tangent vector to the curve specified by r → (t) = t 2 i → + 2 sin t j → + 2 cos t k → . Solution First,

Which of the subsequent numbers is equivalent to 12.087, Which of the subse...

Which of the subsequent numbers is equivalent to 12.087? Zeros can be added to the end (right) of the decimal portion of a number without changing the value of the number; 12.

Fractions, a boy is six months old his sister was given birth to three mont...

a boy is six months old his sister was given birth to three month after him. if their cousin is 0.33years old, arrange their ages in ascending order

What is unreducing fractions, Q, Did you know that you can unreduce a fract...

Q, Did you know that you can unreduce a fraction? Ans. Remember, you reduce a fraction by dividing the numerator and denominator by the same numbers. Here we divide

Integrals involving trig functions - integration techniques, Integrals Invo...

Integrals Involving Trig Functions - Integration techniques In this part we are going to come across at quite a few integrals that are including trig functions and few metho

Vectors, apllication in business and economics

apllication in business and economics

determine that the relation is symmetric and transitive, 1. Let R and S be...

1. Let R and S be relations on a set A. For each statement, conclude whether it is true or false. In each case, provide a proof or a counterexample, whichever applies. (a) If R

Smooth curve - three dimensional space, Smooth Curve - Three Dimensional Sp...

Smooth Curve - Three Dimensional Space A smooth curve is a curve for which → r' (t) is continuous and → r' (t) ≠ 0 for any t except probably at the endpoints. A helix is a s

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