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

The coordinate axes, Trace the curve y 2 = (x + 2) 2 (x - 6). Clearly sta...

Trace the curve y 2 = (x + 2) 2 (x - 6). Clearly state all the properties you have used for tracing it(e.g., symmetry about the axes, symmetry about the origin, points of interse

Find out the greatest common factor, Find out the Greatest Common Factor? ...

Find out the Greatest Common Factor? The largest number that is a common factor of two numbers (that is, both numbers share the same factor) is called the greatest common facto

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers [7] 2.2 In a given day he will

Linear equations, Linear Equations - Resolving and identifying linear fir...

Linear Equations - Resolving and identifying linear first order differential equations. Separable Equations - Resolving and identifying separable first order differential

Making connections with maths, MAKING CONNECTIONS :  you have read about w...

MAKING CONNECTIONS :  you have read about what the ability to think mathematically involves. In this section we shall discuss ways of developing this ability in children. As yo

I need help with my homework.., Uh on my homework it says 6m = $5.76 and I ...

Uh on my homework it says 6m = $5.76 and I dont get it..

How much does every person required to pay rob, Rob purchased picnic food f...

Rob purchased picnic food for $33.20 to share along with three of his friends. They plan to split the cost evenly among the four friends. How much does every person required to pay

Actual implicit solution, y 2 = t 2 - 3 is the actual implicit solution t...

y 2 = t 2 - 3 is the actual implicit solution to y'= t/y, y(2) = -1. At such point I will ask that you trust me that it is actually a solution to the differential equation. You w

Multiplication of two unlike terms with opposite signs, The product on mult...

The product on multiplying - 4bc with 2a is - 8abc. That is, a term with minus sign multiplied with a term having a positive term gives a product which has a minus sign. On the

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