A 28-year-old man pays $181 for a one-year life insurance policy with coverage of $150,000. If the probability that he will live
1 answer:
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Answer:
see explanation
Step-by-step explanation:
The sum to n terms of an arithmetic sequence is
=
[ 2a₁ + (n - 1)d ]
where a₁ is the initial value and d the common difference
Given
=
[ 10 + (n - 1)3 ]
Then by comparison
2a₁ = 10 ( divide both sides by 2 )
a₁ = 4 ← initial value
and d = 3 ← common difference
Thus
=
[ 10 + (7 × 3) ]
= 4(10 + 21)
= 4 × 31
= 124
Answer:
the probability that more than 70% of customers in the sample will need additional maintenance is 0.0371
Step-by-step explanation:
From the information given:
we are to determine the probability that more than 70% of customers in the sample will need additional maintenance
In order to achieve that, let X be the random variable that follows a binomial distribution.
Then X Bin(48, 0.6)
However 70% of 48 samples is
= 0.7 × 48 = 33.6 34
Therefore, the required probability is:
= P(X> 34)
= 0.03709524328
0.0371