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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
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#What is an easy way to find the area of any figure
What do you need to multiply 30 by to get 1500? This will give you the top edge length of the rectangle. Can you then figure out what must go below the 30 in order to get the area
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Pay $40 for plan offered for $30 for plan what percentage of savings
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