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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
Julia must do a 70:30 split of all of her profits with the Department of Athletics. Julia also has the ability to sell soft drinks. If she decide to sell soft drinks, she must agre
Application Interpolation and extrapolation are widely used by businessmen, administrators, sociologists, economists and financial analysts. While interpolation hel
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The angle of elevation of the top of a tower from a point on the same level as the foot of the tower is α. On advancing 'p' meters towards the foot of the tower, the angle of eleva
7(y + 3) - 2(x + 2) = 14, 4 (y - 2) + 3(x - 3) = 2 Ans: 7(y + 3) - 2 (x+ 2) = 14 --------- (1) 4(y- 2) + 3(x - 3) = 2 ----------(2) From (1) 7y +21 -
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Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly equal instalments of $49,924. This loan has another 6 years to maturity. The bo
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