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

Range of f(x) =4^x+2^x+1 is, Taking 2^x=m and solving the quadratic for get...

Taking 2^x=m and solving the quadratic for getting D>=0 we get range= [3/4 , infinity )

Problem solving, Let E; F be 2 points in the plane, EF has length 1, and le...

Let E; F be 2 points in the plane, EF has length 1, and let N be a continuous curve from E to F. A chord of N is a straight line joining 2 points on N. Prove if 0 and N has no cho

Definition and theorem of derivation, Definition : A function f ( x ) is c...

Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the

Types of sets, NULL/ VOID/ EMPTY SET A set which has no element is know...

NULL/ VOID/ EMPTY SET A set which has no element is known as the null set or empty set and is indicated by f (phi). The number of elements of a set A is indicated as n (A) and

Permuation and combination, how many words can be formed from letters of wo...

how many words can be formed from letters of word daughter such that each word contain 2vowles and 3consonant

Probability of tossing a head with the dime, Q. Find Probability of tossing...

Q. Find Probability of tossing a head with the dime? List the sample space, and find n(S), for the outcomes of tossing a nickel followed by a dime. What is the probability of t

Geometry, prove angle MJL is congruent to angle KNL

prove angle MJL is congruent to angle KNL

Find the determinant and inverse matrix, Find the Determinant and Inverse M...

Find the Determinant and Inverse Matrix (a) Find the determinant for A by calculating the elementary products. (b) Find the determinant for A by reducing the matrix to u

Rules of integration, Rules of Integration 1. If ...

Rules of Integration 1. If 'k' is a constant then ∫Kdx =  kx + c 2. In

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