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

Trigonometric ratios, to difine trigonometric ratios of an angle,is it nece...

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

Expected value of perfect information, Expected Value of Perfect Informatio...

Expected Value of Perfect Information In the above problems we have used the expected value criterion to evaluate the decisions under the conditions of risk. But, as long as un

What is the width of the walkway in feet, A garden in the shape of a rectan...

A garden in the shape of a rectangle is surrounded through a walkway of uniform width. The dimensions of the garden only are 35 by 24. The field of the garden and the walkway toget

Factors, Question Suppose that f(x) has (x - 2) 2 and (x + 1) as its on...

Question Suppose that f(x) has (x - 2) 2 and (x + 1) as its only factors. Sketch the graph of f. State all the zeros of f.

Problem solver, a bathroom measure 250 cm by 175 cm calculate the side of t...

a bathroom measure 250 cm by 175 cm calculate the side of the largest square tile that can tile the floor

Give a definition of perimeter and area, Give a Definition of Perimeter and...

Give a Definition of Perimeter and Area? Perimeter is the distance around a flat (2-dimensional) shape. Area is the amount of space taken up by a flat (2-dimensional) shape. is

Three dimensional geometry, Three Dimensional geometry Intorduction ...

Three Dimensional geometry Intorduction In earlier classes we studied about the coordinates in two planes that is the XY plane. Here we are going to study in detail about th

Why is vector division undefined, Division basically refers to multiplicati...

Division basically refers to multiplication of reciprocal. For example a/b is same as a*1/b or we can say, is same as a*b -1 , which is "a" multiplied to the inverse of "b". There

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