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

Ordinary differential equation, find the normalised differential of the fol...

find the normalised differential of the following {1,x,x^3}

Uniform distribution over the interval, High temperatures in certain city i...

High temperatures in certain city in the month of August follow uniform distribution over the interval 60-85 F. What is probability that a randomly selected August day has a Temper

Example of developing an understanding, I gave my niece a whole heap of bea...

I gave my niece a whole heap of beads and showed her how to divide it up into sets of 10 beads each. Then I showed her how she could lay out each set of I0 beads in a line, and cal

Total linear attenuation, Consider the task of identifying a 1 cm thick bre...

Consider the task of identifying a 1 cm thick breast cancer that is embedded inside a 4.2 cm thick fibroglandular breast as depicted in Fig. The cancerous tumor has a cross

What is the widest piece of sheetrock, A door height is 6 feet and 6 inches...

A door height is 6 feet and 6 inches and 36 inches wide. What is the widest piece of sheetrock that will ?t through the door? Round to the nearest inch. a. 114 in b. 86 in

Union of sets, Union of Sets Venn diagram presenting the union of sets...

Union of Sets Venn diagram presenting the union of sets A and B or A?B = Shaded area is demonstrated below: A ?B = Shaded area

Supply/demand, For the pair of supply-and-demand equations, where x represe...

For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equ

Given the hypotenuse of a right triangle, Given the hypotenuse of a right t...

Given the hypotenuse of a right triangle: Given that the hypotenuse of a right triangle is 18" and the length of one side is 11", what is the length of another side? a 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