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

Supply/demand, For the pair of supply-and-demand equations, where x represe...

For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equ

Average cost function, Average cost function : Now let's turn our attentio...

Average cost function : Now let's turn our attention to the average cost function. If C ( x ) is the cost function for some of the  item then the average cost function is,

C programming, Write a program to find the area under the curve y = f(x) be...

Write a program to find the area under the curve y = f(x) between x = a and x = b, integrate y = f(x) between the limits of a and b. The area under a curve between two points can b

Derive expressions for the mean and variance, On each day t of n days, N cu...

On each day t of n days, N customers of a supermarket were sampled and the number Xt expressing dissatisfaction was recorded. The results suggested that there were good and bad day

Interpretations of the derivative , Interpretations of the Derivative : ...

Interpretations of the Derivative : Before moving on to the section where we study how to calculate derivatives by ignoring the limits we were evaluating in the earlier secti

Unit vector and zero vectors, Unit Vector and Zero Vectors Unit Vec...

Unit Vector and Zero Vectors Unit Vector Any vector along with magnitude of 1, that is || u → || = 1, is called a unit vector. Zero Vectors The vector w → = (

How many people said that red was their favorite color, In a recent survey ...

In a recent survey of 700 people, 15% said that red was their favorite color. How many people said that red was their favorite color? Find out 15% of 700 through multiplying 70

Quadratic equation, find a quadratic equation whose roots are q+1/2 and 2p-...

find a quadratic equation whose roots are q+1/2 and 2p-1 with p+q=1

Fft algorithm, (a) Using interpolation, give a polynomial f ∈ F 11 [x] of d...

(a) Using interpolation, give a polynomial f ∈ F 11 [x] of degree at most 3 satisfying f(0) = 2; f(2) = 3; f(3) = 1; f(7) = 6 (b) What are all the polynomials in F 11 [x] which

Example of rounding off, Example of Rounding Off: Example: Round ...

Example of Rounding Off: Example: Round off the subsequent number to two decimal places. 6.238 Solution: Step 1:             8 is the number to the right of 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