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

Statistics, do we calculate midpoints from classes or from class boundaries...

do we calculate midpoints from classes or from class boundaries

Quadratic equations by completing the square method, Can we solve the Quadr...

Can we solve the Quadratic Equations by completing the square method? if yes explain it.

What was joe's approximate raw act score, Using the same mean and standard ...

Using the same mean and standard deviation from problem 10 (mean m = 20.1 and a standard deviation s = 5.8). Joe was informed that he scored at the 68 th percentile on the ACT, wh

first and third quartiles, From the data given below calculate the value o...

From the data given below calculate the value of first and third quartiles, second and ninth deciles and forty-fifth and fifty-seventh percentiles.

How to convert decimals to fractions, Q. How to Convert decimals to fractio...

Q. How to Convert decimals to fractions? Ans. Note: This tutorial covers only terminating decimals.

Polynomials in one variable, Polynomials In this section we will discu...

Polynomials In this section we will discuss about polynomials.  We will begin with polynomials in one variable. Polynomials in one variable Polynomials in one variable

Homogeneous system , Provided a homogeneous system of equations (2), we wil...

Provided a homogeneous system of equations (2), we will have one of the two probabilities for the number of solutions. 1.   Accurately one solution, the trivial solution 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