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

I need help with math, can i get help with math just with fractions i want ...

can i get help with math just with fractions i want to catch up with my class

Which of the following could the length of the base height, The area of a p...

The area of a parallelogram can be expressed as the binomial 2x 2 - 10x. Which of the following could be the length of the base and the height of the parallelogram? To ?nd out

Operations Research inventory , A firm buys a product using the price sched...

A firm buys a product using the price schedule given in the table: The company estimate holding costs at 10% of the purchase price per year and ordering costs at $40 per order .

Linear probability model, Pepsi:               A dummy variable where 1 den...

Pepsi:               A dummy variable where 1 denotes choice of Pepsi by the i-th customer and 0 otherwise Price_P:           The price of a 2-liter bottle of Pepsi at the time

Equation, Solve : 4x2+2x+3=0 Ans) x^2 + (1/2)x = -(3/4) (x+1/4)^2 = 1/...

Solve : 4x2+2x+3=0 Ans) x^2 + (1/2)x = -(3/4) (x+1/4)^2 = 1/16 - 3/4 = -11/16 implies x = (-1+i(11)^(1/2))/4 and its conjugate.

If there are 75 students in the play how many are boys, 64% of the students...

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%

LCM, What is the LCM of 4, 6, 18

What is the LCM of 4, 6, 18

Compute projection scale factor, 1. A survey line on campus is measured to ...

1. A survey line on campus is measured to be 1000.00 ft long on horizontal ground. The elevation of the line is 700.00 feet and the geoid separation from ellipsoid to geoid is -110

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