SOLUTION: An insurance sales representative sells policies to 5 men, all of identical age and in good health. According to the actuarial tables, the probability that a man of this particular

Algebra ->  Probability-and-statistics -> SOLUTION: An insurance sales representative sells policies to 5 men, all of identical age and in good health. According to the actuarial tables, the probability that a man of this particular      Log On


   

Question 1002285: An insurance sales representative sells policies to 5 men, all of identical age and in good health. 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 all 5 men will be alive.
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Seems to me, the chances would be (2/3)^5 = 32/243 = 13.17%