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

What is polygon, What is polygon? A polygon is a shape with three or mo...

What is polygon? A polygon is a shape with three or more sides, in which each side touches another only at its endpoints. Some polygons that you are probably already familiar w

Matrices, what are eigen values

what are eigen values

Fractions, Andre''s boss asked him to arrange bolts placing the shortest bo...

Andre''s boss asked him to arrange bolts placing the shortest bolt near the front 1 and three fourth inch 1 and 5 eigths 1 and 11 sixteenths which is the shortest

Complementary addition model, E1) How is the 'comparison model' different...

E1) How is the 'comparison model' different from the 'complementary addition model'? E2) Create one word problem related to the children's world for each of the 4 models liste

Characteristics of time series, Characteristics of Time Series Time se...

Characteristics of Time Series Time series has the given characteristics. a) A long term trend (T) -tendency of the whole series to fall and rise. b) Seasonal variati

Good investment, Realtors estimate that 23% of homes purchased in 2004 were...

Realtors estimate that 23% of homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that at most

The invisible effort on learning maths, The Invisible Effort :   Although t...

The Invisible Effort :   Although the development of children is a process, what is noticed and given recognition to is the end-product. We usually speak of children having achieve

Integrals involving trig functions - integration techniques, Integrals Invo...

Integrals Involving Trig Functions - Integration techniques In this part we are going to come across at quite a few integrals that are including trig functions and few metho

Use newtons method to find out an approximation, Use Newton's Method to fin...

Use Newton's Method to find out an approximation to the solution to cos x = x which lies in the interval [0,2].  Determine the approximation to six decimal places. Solution

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