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

Example of complex roots, Solve the subsequent IVP. y'' - 4y' + 9y = 0, ...

Solve the subsequent IVP. y'' - 4y' + 9y = 0, y(0) = 0, y'(0) = -8 Solution The characteristic equation for such differential equation is. As:  r 2 - 4r + 9 = 0

Distinct eigenvalues –system solving, DISTINCT EIGENVALUES -SYSTEM SOLVING ...

DISTINCT EIGENVALUES -SYSTEM SOLVING : E xample Solve the following IVP. Solution : Therefore, the first thing that we must to do that is, get the eigenvalues

Quantitative Techniques, You are given that the total frequency is 900 and ...

You are given that the total frequency is 900 and the median 100.48. From the following frequency distribution, find the class frequencies that are missing. Intelligence No. of Int

Definition and theorem of derivation, Definition : A function f ( x ) is c...

Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the

Math reasoning, The probability that a certain region in mexico will be hit...

The probability that a certain region in mexico will be hit by a hurricane in any given year is .06. What is the probability that the region will be hit by at least one hurricane i

Rules for inequalities, Here we look at only the rules without going ...

Here we look at only the rules without going into their proofs. They are: a  0. If a If a If a

Describe least three characteristics at medieval world, Based upon the prim...

Based upon the primary sources, describe at least three characteristics that mark the early modern world as distinctly different than the Medieval world that preceded it. You might

Pearson sucess, do you have a decimal place value chart

do you have a decimal place value chart

Basic operations for complex numbers, Now we have to discuss the basic oper...

Now we have to discuss the basic operations for complex numbers. We'll begin with addition & subtraction. The simplest way to think of adding and/or subtracting complex numbers is

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