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

Numerical methods for ordinary differential equationsordinay, #k1=f(Tn, Xn)...

#k1=f(Tn, Xn), k2=f (Tn + H.Y,Xn + H.Y.k1) Xn+1=Xn + H(a.k1+ b.k2) Find a relation between Y,a and b so that the method is second order consistent.

Word problem time vs desent, altitude 35000 @ 9:30 9;42 alt 17500 increase...

altitude 35000 @ 9:30 9;42 alt 17500 increase speed by factor of 3 level out at 2500= how much time will it take

Service marketing, assignment of marketing mix on healthservices

assignment of marketing mix on healthservices

Basic, is 1/6 same as six times less

is 1/6 same as six times less

Parabola, write the equation of parabola of vertex(2,-3)and focus(_1,1)

write the equation of parabola of vertex(2,-3)and focus(_1,1)

Expected opportunity loss or eol method, Expected opportunity loss or EOL m...

Expected opportunity loss or EOL method EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum e

Comparison-types of word problems related to subtraction, Comparison - the...

Comparison - the difference between two groups or numbers, namely, how much one is greater than the other, how much more is in one group than in the other. (e.g., if Munna has

Fuzzy decisionmaking using minimization of regret, why we use decision maki...

why we use decision making using minimization of regret method in uncertainty?

Calculate the net amount and distance, 1. A train on the Bay Area Rapid Tra...

1. A train on the Bay Area Rapid Transit system has the ability to accelerate to 80 miles/hour in half a minute. A.   Express the acceleration in miles per hour per minute. B

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