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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
Interpretations of Definite Integral There are some quick interpretations of the definite integral which we can give here. Firstly, one possible interpretation of the defini
am i going to get As
set theory
As noted, Euler's method is little used in practice, as there are much better ways of solving initial value problems. By better, we mean, "able to achieve a result of the same prec
Problem: A person has 3 units of money available for investment in a business opportunity that matures in 1 year. The opportunity is risky in that the return is either double o
Explain Angle Theorems ? Certain angles and angle pairs have special characteristics: Vertical angles are opposite angles formed by the intersection of two lines. Vertical ang
I need help with this question: Find the probability that two quarters and a nickel are chosen without replacement from a bag of 8 quarters and 12 nickles.
how to calculate the npv
Taylor Series - Sequences and Series In the preceding section we started looking at writing down a power series presentation of a function. The difficulty with the approach
project assignment of page no.19 question no.2
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