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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
64% of the students within the school play are boys. If there are 75 students in the play, how many are boys? To ?nd out 64% of 75, multiply 75 by the decimal equivalent of 64%
On 30 June 2012 Bill purchase a home by taking out a 30 year mortgage of $600,000 at 6% interest per annum, compounded months. Repayments are made at the end of each month. (a) Cal
how can i build Y=2x
Illustration 2 In a described farm located in the UK the average salary of the employees is £ 3500 along with a standard deviation of £150 The similar firm has a local
What is Angle Pairs in Parallel Lines ? Next, we introduce several angle pairs formed by transversals which are very important in our study of geometry. Alternate interior an
Confidence Interval The interval estimate or a 'confidence interval' consists of a range as an upper confidence limit and lower confidence limit whether we are confident that a
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Thorwarth M., Arisha, A. and Harper P., (2009) Simulation model to investigate flexible workload management for healthcare and servicescape environment, Proceedings of the 2009 Win
How many 4 digit number lass than 6000 can be made with the digits 7,6,4 and 2 if digits are not repeated?
Noah is renewing a magazine subscription. one package offers to renew the magazine for 3 years for 26$. A second package offers to renew the magazine for 5 years for $38
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