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

Sketch the graphs, Sketch the graphs of the following functions: (A) y =...

Sketch the graphs of the following functions: (A) y = 1/(x 2 +1) (b) x=  sin x,

Compute the dot product for the equation, Compute the dot product for each ...

Compute the dot product for each of the subsequent equation  (a) v → = 5i → - 8j → , w → = i → + 2j →  (b) a → = (0, 3, -7) , b → = (2, 3,1) Solution (a) v →

Analysis and optimization, 1. In an in finite horizon capital/consumption m...

1. In an in finite horizon capital/consumption model, if kt and ct are the capital stock and consumption at time t, we have f(kt) = ct+kt+1 for t ≥ 0 where f is a given production

A jeweler has bars of 18-carat gold , A jeweler has bars of 18-carat gold a...

A jeweler has bars of 18-carat gold and 12-carat gold. How much of every melted together to obtain a bar of 16-carat gold, weighing 120 gm ? It is given that pure gold is 24 carat.

Trigonometric approximation grid, With a compass draw the arc associated wi...

With a compass draw the arc associated with a 720° angle, it looks like a circle. With a protractor, label the angle in multiples of 45° and 30° up to 720°.  Notice 30° and 390° ar

Multiplication of two like terms with same signs, Case 1: Suppose we...

Case 1: Suppose we have two terms 7ab and 3ab. When we multiply these two terms, we get 7ab x 3ab = (7 x 3) a 1 + 1 . b 1 + 1  ( Therefore, x m . x n = x m +

How to join as maths expert, Sir, With due respect,I, beg to state that I ...

Sir, With due respect,I, beg to state that I want to join as a maths expert and earn some money. I would be grateful to you if you guide me in this regard.

BIOMATH, Ask quHarvesting prevents the population size of a species from at...

Ask quHarvesting prevents the population size of a species from attaining its natural carrying capacity. We can add harvesting to the logistic model by assuming that the per capita

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