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

rules for solving linear in-equations - linear algebra, Explain what are t...

Explain what are the Rules for solving linear in-equations?

Composite functions, f(x)=4x-3 and g(x)=(x+3)/4 a)Find the function fg(x) ...

f(x)=4x-3 and g(x)=(x+3)/4 a)Find the function fg(x) b)Hence describe the relationship between the functions f and g c)Write down the exact value of fg(sqrt(3))

Geometry, I need help in my homework

I need help in my homework

Draw the bipartite graph, The graph C n , n  ≥  3 contains n vertices and n...

The graph C n , n  ≥  3 contains n vertices and n edges creating a cycle. For what value of n is C n a bipartite graph? Draw the bipartite graph of C n to give explanation for yo

Sequences and series - calculus, Sequences and Series In this section ...

Sequences and Series In this section we will be taking a look at sequences and infinite series.  In fact, this section will deal approximately exclusively with series.  Though

Coefficient of determination, It refers to the ratio of the explained varia...

It refers to the ratio of the explained variation to the total variation and is utilized to measure the strength of the linear relationship. The stronger the linear relationship th

Duality., advanteges of duality

advanteges of duality

Pythagorean theorem, when one side of a triangle is 15cm and the bottom of ...

when one side of a triangle is 15cm and the bottom of the triangle is 12cm what would x be rounded to the nearest tenth?

Quantitative techniques, mentioning the type of business you could start an...

mentioning the type of business you could start and the location of your business, use the steps of quantitative methods for decision making narrating them one by one in the applic

Calculate the fourier cosine series, The Fourier series expansion for the p...

The Fourier series expansion for the periodic function, f ( t ) = |sin  t | is defined in its fundamental interval. Taking π = 3.142, calculate the Fourier cosine series app

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