document.write( "Question 1160096: Question3: An insurance salesman sells policies to 5 men, all of identical age. According to the actuarial tables, the probability that a man of this particular age will be alive 30 years hence is 2/3. Find the probability that in 30 years a. All 5 men b. At least 3 men c. Only 2 men d. At least 1 man will be alive. \n" ); document.write( "
Algebra.Com's Answer #783257 by Boreal(15235) You can put this solution on YOUR website! a. This is (2/3)^5=32/243 or 0.132\r \n" ); document.write( "\n" ); document.write( "Look at the rest of the possibilities: \n" ); document.write( "For 1 to be alive is 5(2/3)(1/3)^4=10/243 \n" ); document.write( "For 2 to be alive is 10(2/3)^2(1/3)^3=40/243 \n" ); document.write( "for 3, it is 10(2/3)^3(1/3)^2=80/243 \n" ); document.write( "for 4, it is 5(2/3)^4(1/3)=80/243 \n" ); document.write( "For 0, it is (1/3)^5=1/243\r \n" ); document.write( "\n" ); document.write( "Those all add up to 243/243\r \n" ); document.write( "\n" ); document.write( "b. At least 3 men means 3,4,5 or 192/243 or 0.7901 \n" ); document.write( "c. For 2 men, it is 40/243 or 0.1646 \n" ); document.write( "d. At least 1 man means 1-p(0 men) or 242/243 or 0.9959\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |