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

Class 10, The value of K for (k+1)x^2-2(k-1)x+1 = 0 has real and equal root...

The value of K for (k+1)x^2-2(k-1)x+1 = 0 has real and equal roots.

Parallel lines, Parallel to the line specified by 10 y + 3x= -2 In this...

Parallel to the line specified by 10 y + 3x= -2 In this case the new line is to be parallel to the line given by 10 y ? 3x ? -2 and so it have to have the similar slope as this

Working definition of function, A function is an equation for which any x w...

A function is an equation for which any x which can be plugged into the equation will yield accurately one y out of the equation. There it is. i.e. the definition of functions w

Adding integers, Do you subtract when you add integers.

Do you subtract when you add integers.

Accumulated amount , $26,000 is spended for two years. In the first year it...

$26,000 is spended for two years. In the first year it gets interest at 8.3% p.a. compounded semi annually. In the same year the rate of interest changes to 7.5% p.a. compounded da

Describe simplifying fractions with example, Describe Simplifying Fractions...

Describe Simplifying Fractions with example? When a fraction cannot be reduced any further, the fraction is in its simplest form. To reduce a fraction to its simplest form, div

Problem solving sequence: the operations, marianne took $100.00 to a store ...

marianne took $100.00 to a store that was holding a no-tax sale. she bought a shirt for $24.99, sandals for $18.50, shorts for $16.49, and a beach bag for $21.69. how much did she

Find out the surface area of the solid - parametric curve, Find out the sur...

Find out the surface area of the solid acquired by rotating the following parametric curve about the x-axis. x = cos 3 θ y = sin 3 θ  0 ≤ θ ≤ ?/2 Solution We wil

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