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

Modulo Arithmetic, What is Modulo Arithmetic and what is an easy way to rem...

What is Modulo Arithmetic and what is an easy way to remember it?

How many ounces of soup does she required, Sharon needs to make 25 half-cup...

Sharon needs to make 25 half-cup servings of soup. How many ounces of soup does she required? One cup is 8 ounces, so half a cup is 4 ounces. Multiply 25 by 4 ounces to find ou

Polynomial : f(x).f(1/x), A polynomial satisfies the following relation f(x...

A polynomial satisfies the following relation f(x).f(1/x)= f(x)+f(1/x). f(2) = 33. fIND f(3) Ans) The required polynomial is x^5 +1. This polynomial satisfies the condition state

Define period, Q. Define Period, Amplitude and Phase Shift? Ans. P...

Q. Define Period, Amplitude and Phase Shift? Ans. Period, amplitude and phase shift are used when describing a sinusoidal curve The period of a function is the smallest

Taylor series - series solutions to differential equations, Once we get out...

Once we get out of the review, we are not going to be doing a lot with Taylor series, but they are a fine method to get us back into the swing of dealing with power series. Through

Differentiate outline function in chain rules, Differentiate following. ...

Differentiate following. Solution : It requires the product rule & each derivative in the product rule will need a chain rule application as well. T ′ ( x ) =1/1+(2x) 2

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