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

Homomorphism, Let G be a group acting on a set X. The action is called fait...

Let G be a group acting on a set X. The action is called faithful if for any g ≠ 1 ∈ G there exists an x ∈ X such that gx ≠ x. That is, only the identity fi xes everything. Prov

Quantitative method, Year 1 2 3 4 ...

Year 1 2 3 4 5 6 7 8 9 10 Corn revenue 40 44 46

Engg maths, How to get assignment to solve and earn money

How to get assignment to solve and earn money

Example of integrals involving quadratics, Evaluate the following integral....

Evaluate the following integral. ∫√(x 2 +4x+5) dx Solution: Remind from the Trig Substitution section that to do a trig substitution here we first required to complete t

Numertic methods, solve by factorization method; 10x-6y-3z=100, -6x+10y-5z=...

solve by factorization method; 10x-6y-3z=100, -6x+10y-5z=100, -3x-5y+10z=100

Characteristics and limitations of moving average, Characteristics and Limi...

Characteristics and Limitations of moving average Characteristics of moving average 1) The more the number of periods in the moving average, the greater the smoothing

Linear programming, Maximize P=3x+2y Subject to ...

Maximize P=3x+2y Subject to x+y =6 x =3 x =0,y =0

Product moment coefficient, Product Moment Coefficient This gives an i...

Product Moment Coefficient This gives an indication of the strength of the linear relationship among two variables. Note that this formula can be rearranged to have di

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