P(atleast 3 ) = P(X=3)+P(X=4)+P(X=5)
P(X=3) = C(5,3)*(0.98428)^2*(1-0.98428)^3 =
| 0.00003763526 |
P(X=4) = C(5,4)*(0.98428)*(1-0.98428)^4 =
| 0.00000030054 |
P(X=5) = C(5,5)*(1-0.98428)^5 =
| 0.00000000096 |
P(X>=3) = 0.0000385
7. The probability that a man aged 50 will survive one year is 98428. Show that...
8.) From actuary tables, WIC determined that the likelihood that a man age 25 will die within a next year is 0.0002. If WIC sells 4,000 policies to 25 year old men this year, what is the probability that they will pay on exactly one policy? Please show work using Excel.
5) Suppose a 57-year old man has a 1.2% = 0.012 percent probability of dying this year. Forty of these men sign up for a one-year life insurance plan. WTP that exactly one dies? Show your work: saint om Don ut Solglu
6. If 10P30-0.8 and 20Ps0-0.6, find the probability that of three persons now aged 30, at least two will die between ages 40 and 50.] 0.104
Of all the trees planted by a landscaping firm, 50% survive. What is the probability that 7 or more of the 9 trees they just planted will survive? (Giver your answer correct to four decimal places.)
Out of 15 for 3% of the overall grade Assignment#3 Name: 1) Sunshine Insurance offers life insurance to men ane AN 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
The probability that a certain kind of component will survive a shock test is .8. 1. Find the probability that exactly 2 of the next 6 components you test will survive. 2. What is the probability that you must test 8 components to find two that fail? 3. What is the probability that the 4th component you test is the first one that fails the test? 4. Out of a group of 100 components, 20 would fail a shock test....
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
For a group of four men, the probability for the number, x, who live through the next year is given by x P(x) 0 0.045 1 0.015 2 0.1 3 0.55 4 0.29 (a) Find the mean and standard deviation of the number of men in a group of four who will live through the next year. (b) Find the probability that at least 2 men in a group of four will survive the next year. (c) Is 1 a...
Assume that a 25-year-old man has these probabilities of dying during the next five years Age at death 25 26 27 28 29 Probability 0.00036 0.00041 0.00054 0.00057 0.00060 (a) What is the probability that the man does not die in the next five years? (Enter your answer to five decimal places.) 99750 (b) An online insurance site offers a term insurance policy that will pay $100,000 if a 25-year-old man dies within the next 5 years. The cost is...