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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
The Hurwiz method Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and max
Factor Expressions Involving Large Powers, Radicals, and Trig Functions You can use substitution to factor expressions involving large powers, radicals, and trig functions
A passenger jet took 3 hours to fly 1800 km in the direction of the jetstream. The return trip against the jetstream took four hours. What was the jet's speed in still air and the
how to answer this: 3x2-18x-60
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A payday loan company charges a $95 fee for a $500 payday loan that will be repaid in 11 days. Treating the fee as interest paid, what is the equivalent annual interest rate?
First, a solution to an equation or inequality is any number that, while plugged into the equation/inequality, will satisfy the equation/inequality. Thus, just what do we mean by
how to round off 42,999,523
if ab=25 . a(5,x)and b(2,5) . find x.
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