Example An insurance salesman sells policies to 5 men all of identical age and good health. According to the actuarial tables, the probability that a man of this particular age will be alive 30 years hence in 2/3. Find the probability that 30 years hence (i) at least 1 man will be alive, (ii) at least 3 men will be alive.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 41E
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An insurance salesman sells policies to 5 men all of identical
age and good health. According to the actuarial tables, the
probability that a man of this particular age will be alive 30 years
hence in 2/3. Find the probability that 30 years hence (i) at least 1
man will be alive, (ii) at least 3 men will be alive.
Transcribed Image Text:Example An insurance salesman sells policies to 5 men all of identical age and good health. According to the actuarial tables, the probability that a man of this particular age will be alive 30 years hence in 2/3. Find the probability that 30 years hence (i) at least 1 man will be alive, (ii) at least 3 men will be alive.
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