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

find the present age, 5 years however, a man's age will be 3times his son'...

5 years however, a man's age will be 3times his son's age and 5 years ago, he was 7 times as old as his son.    Find their present ages.

Level curves or contour curves - three dimensional space, Level Curves or C...

Level Curves or Contour Curves Another topic that we should look at is that of level curves or also known as contour curves. The level curves of the function z = f (x, y) are t

Find the probability, Q. Suppose Jessica has 10 pairs of shorts and 5 pair...

Q. Suppose Jessica has 10 pairs of shorts and 5 pairs of jeans in her drawer. How many ways could she pick out something to wear for the day? What is the probability that she pick

Geometry., solve for y given that 3sin^2 y+cos y-1=0 for 0y360

solve for y given that 3sin^2 y+cos y-1=0 for 0y360

Determine the measure of the vertex angle, Determine the measure of the ver...

Determine the measure of the vertex angle of the isosceles triangle. a. 34° b. 16° c. 58° d. 112° d. Simply substitute x = 34 into the equation for the vertex angle,

Find out all the critical points for the function, Find out all the critica...

Find out all the critical points for the function. Solution To determine the derivative it's probably simple to do a little simplification previous to we in fact diffe

How long will it take the light to blink 405 times, The light on a lighthou...

The light on a lighthouse blinks 45 times a minute. How long will it take the light to blink 405 times? Divide 405 by 45 to get 9 minutes.

Linear programming , A paper mill produces two grades of paper viz., X and ...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

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