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

General approach of exponential functions, General approach of Exponential ...

General approach of Exponential Functions : Before getting to this function let's take a much more general approach to things. Let's begin with b = 0 , b ≠ 1. Then an exponential f

What is the square root of 36, What is the square root of 36? To search...

What is the square root of 36? To search the square root (√) you ask yourself, "What number multiplied through itself gives me 36?" 6 .6 = 36; thus, 6 is the square root of 36.

Cylinder, if the diametre of the cylinder is 3.6 foot and its length is4.6f...

if the diametre of the cylinder is 3.6 foot and its length is4.6foot,then its dimension is?

5th grade math, jack and his mother paid $11.50 for tickets to the movies. ...

jack and his mother paid $11.50 for tickets to the movies. An adult''s ticket costs $4.50 more than a child''s ticket. What was the cost of each ticket?

Monica, Express area of a square with sides of length 5ab as a monomial.

Express area of a square with sides of length 5ab as a monomial.

Linear programming , Use the simplex method to solve the following LP Probl...

Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0

Game theory, Game Theory It is used to find out the optimum strategy in...

Game Theory It is used to find out the optimum strategy in a competitive condition,While two or more competitors are engaged in making decisions, this may occupy conflict of in

Metric Units, How do I convert metric units?

How do I convert metric units?

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