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

Quadriatic-equations, Q. a(b - c)x^2 + b(c - a)x + c(a - b) = 0 has equal r...

Q. a(b - c)x^2 + b(c - a)x + c(a - b) = 0 has equal roots then b = ? Ans: Condition that a quadratic equation ax² + bx + c = 0 has equal roots is: Its discriminant, b² - 4ac = 0 A

Project, report on shares and dovidend using newspaer

report on shares and dovidend using newspaer

Square the next consecutive integer find the lesser integer, The square of ...

The square of one integer is 55 less than the square of the next consecutive integer. Find the lesser integer. Let x = the lesser integer and let x + 1 = the greater integer. T

Trignometry, Prove that cosec2theta+ sec2theta can never be less than 2

Prove that cosec2theta+ sec2theta can never be less than 2

Limitation of operation research, i need ten points about limitation of ope...

i need ten points about limitation of operation research

Write down the first few terms of the sequences, Write down the first few t...

Write down the first few terms of each of the subsequent sequences. 1. {n+1 / n 2 } ∞ n=1 2. {(-1)n+1 / 2n} ∞ n=0 3. {bn} ∞ n=1, where bn = nth digit of ? So

Rolle''s theorem, The curve (y+1) 2 =x 2 passes by the points (1, 0) and ...

The curve (y+1) 2 =x 2 passes by the points (1, 0) and (- 1, 0). Does Rolle's Theorem clarify the conclusion that  dy dx  vanishes for some value of x in the interval -1≤x≤1?

Find the number of students side of the square, A teacher on attempting to ...

A teacher on attempting to arrange the students for mass drill in the form of a solid square found that 24 students were left over. When he increased the size of the square by one

Net Present Value, A business has the opportunity to expand by purchasing ...

A business has the opportunity to expand by purchasing a machine at a cost of £80,000. The machine has an estimated life of 5 years and is projected to generate a cashflow of £20,0

Application of probability in business, Application of Probability in Busin...

Application of Probability in Business 1. Business games of chance for illustration, Raffles Lotteries. 2. Insurance firms: this is generally done when a new client or prop

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