According to LIMRA, 77% of husband-wife families with kids under 18 years old have life insurance. A random sample of six husband-wife families was selected. What is the probability that five or more families have life insurance?

Answers

Answer 1

Answer:

0.5819 = 58.19% probability that five or more families have life insurance

Step-by-step explanation:

For each family, there are only two possible outcomes. Either they have insurance, or they do not. The probability of a family having insurance is independent of other families. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

77% of husband-wife families with kids under 18 years old have life insurance.

This means that [tex]p = 0.77[/tex]

A random sample of six husband-wife families was selected.

This means that [tex]n = 6[/tex]

What is the probability that five or more families have life insurance?

This is

[tex]P(X \geq 5) = P(X = 5) + P(X = 6)[/tex]

In which

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 5) = C_{6,5}.(0.77)^{5}.(0.23)^{1} = 0.3735[/tex]

[tex]P(X = 6) = C_{6,6}.(0.77)^{6}.(0.23)^{0} = 0.2084[/tex]

[tex]P(X \geq 5) = P(X = 5) + P(X = 6) = 0.3735 + 0.2084 = 0.5819[/tex]

0.5819 = 58.19% probability that five or more families have life insurance


Related Questions

Write an expression, using an exponent that is equivalent to 6 x 6 x 6 x 6 x 6.

Answers

Answer:

6^4  = 1296

Step-by-step explanation:

6 to the power of 4

Look at the picture I have included. Sry if it is wrong

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Answer:

B

Step-by-step explanation:

✔️Rate of change using two points on the line, say (2, 60) and (3, 75);

Rate of change (m) = ∆y\/∆x = (75 - 60) / (3 - 2) = 15/1

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This means each class costs $15

✔️Initial value is the y-intercept (b). It represents the initial start-up fee.

To find initial value/y-intercept (b), substitute m = 15 and (x, y) = (2, 60) into y = mx + b.

Thus:

60 = 15(2) + b

60 = 30 + b

60 - 30 = b

30 = b

b = 30

Therefore, initial start-up fee is $30.

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Michael draws a scale model of a shed for his engineering class. It is made from a triangular prism on top of a rectangular prism. The volume of the shed is 966 cubic inches. The congruent sides of the triangle are 7.8 inches. A. What is the depth of the shed?

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I’m sorry I just need points I’m really sorry

Let the graph of g be a horizontal shrink by a factor of 1/2 and a reflection in the x-axis, followed by a translation 1 unit down of the graph of f(x)=x^2 . Write a rule for g .

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Answers

Answer:

Fooddddddddingggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggkygygygyygygygghgghhghghghgjkjkjkjkjkjkkjkjkjkjkjkjkjlllololololololololllololooloololololololololooololololololoolololololololoollololollololololololololoollol0olol0olololo0lo0l0ol00ol10000000000000000l00l00l00l000l0l0l0l0l0l00l0l0l0loolololoolol0olllolol0oooololo00l00l0l0lloololol0lololol0oololol0loloolol000llolo

Step-by-step explanation:

Four brothers each bough two hot dogs and a bag of chips at the football concession stand if the bag of chips was $1.25 and the total was $18.20 what was the price of one hot dog

Answers

Answer:

$1.65

Step-by-step explanation:

1.25 x 4 = 5.00

18.20 - 5.00 = 13.20

13.20 / 8 = 1.65

they bought 8 hotdogs because there is 4 brothers and each ate 2 so 4 x 2 = 8

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Gg gvgvg v g gg g bg v fb gvg bg bg bg bg bg bg bg bg bg v gvg v fb fb gvg v fb fb gvg v gvg bg v gvg v gvg v fb fb fb gvg bg v fb gvg bg v fb fb fb gvg bg b g bg. Fb gvg. Fb fb fb g a b

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the answer is the square root of 464. D

Answer:

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Step-by-step explanation:

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Answer:

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Solve the system of equations by the substitution method.
y = 4x-9
y-x=-3

A.(2, -1)
B.(-4,-7)
C.(-1,2)
D.(-7,-4)

Answers

Answer:

A. (2, -1)

Step-by-step explanation:

(4x - 9) - x = -3

3x - 9 = - 3

3x = 6

x = 2

y = 4(2) - 9

y = 8 -9

y = - 1

(2, -1)

Check

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Answer:

I will answer the equation, however there is no pic attached

Step-by-step explanation:

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Answers

Answer:

The answer should be -19

Step-by-step explanation:

-3r - 13 = ?

-3(2) - 13 = ?

-6 - 13 = ?

-19 = ?

Which of the following is NOT type of magnet

a
permanent magnet
b
electromagnet
c
temporary magnet
d
Domain magnet

Answers

Answer:

Is not a type of magnet a domain magnet

HELP PLEASE !!
Ivanna is riding on a bike course that is 15 miles long. So far, she has ridden 6 miles of the course. What percentage of the course has Ivanna ridden so far?

Answers

Answer:

50%

Step-by-step explanation:

convert the following equation into standard form Y equals negative 7X over 8 +4

Answers

9514 1404 393

Answer:

  7x +8y = 32

Step-by-step explanation:

Clear fractions and add the opposite of the x-term.

  y = -7x/8 +4

  8y = -7x +32 . . . . . multiply by 8

  7x +8y = 32 . . . . . .add 7x

The Graduate Management Admission Test (GMAT) is a standardized exam used by many universities as part of the assessment for admission to graduate study in business. The average GMAT score is (Magoosh website, January 5, 2015). Assume that GMAT scores are bell-shaped with a standard deviation of . a. What percentage of GMAT scores are or higher

Answers

Answer:

The answer is "16%".

Step-by-step explanation:

Its empirical rule suggests which 68% of the very first standard deviation, 95% of the very first 2 standard deviations or 99.7% of the very first three standard deviations of the variance average fall.

[tex]z =647 \\\\z=\frac{(647-547)}{100}= \frac{100}{100}=1[/tex]

The empirical rule indicates the first standard deviation around 68 percent.

So,

[tex]=\frac{(100-68)}{2} \\\\=\frac{32}{2} \\\\= 16 \% \ drop \ 647 \ and \ above[/tex]

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Answers

X=5.2

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Answers

Step-by-step explanation:

4x+15y= 40-5y= 20

= 4x+15y+5y= 40-20

4x+20y= 20

How many 1/6 pieces are there in 3/6

Answers

Answer:

there are 3 1/6 pieces

Step-by-step explanation:

since 3 x 1/6=3/6.

another explanation:

(3/6)/(1/6)=(3/6) x (6/1) since you multiply by inverse when dividing fractions. Then, (3/6) x (6/1) = 18/6, which equals 3.

Find the slope between the two points (-6, 3) and (12, 19)

Answers

Answer:

8/9

Step-by-step explanation:

(19-3)/(12-[-6])

16/18

8/9

Answer:

1/3

Step-by-step explanation:

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Answers

Answer:

-1 = -6

-5 = 2

2 = 4

or it could be

-1,-1

-5, -1

2,2

Step-by-step explanation:

Decide which method of data collection you would use to collect data for the study. Specify either observational study, experiment, or simulation. A study where a political pollster wishes to determine if his candidate is leading in the polls for an upcoming election. Question options: simulation observational study experiment

Answers

Answer:

Observational study

Step-by-step explanation:

Observational studies usually requires the comparing the outcome or behavior of two or more subjects involved. In the scenario described above, the need to perform any experiment or simulation to make prediction. Once the polls is in progress, the outcome or result of the polls in polling centre's only need to be observed and noted.

Answer:

D

Step-by-step explanation:

Edge 2021

Calculate a point estimate of the mean oxide thickness for all wafers in the population. (Round your answer to 3 decimal places.) (b) Calculate a point estimate of the standard deviation of oxide thickness for all wafers in the population. (Round your answer to 2 decimal places.) (c) Calculate the standard error of the point estimate from part (a). (Round your answer to 2 decimal places.)

Answers

This question is incomplete, the complete question is;

Data on oxide thickness of semiconductors are as follows: 425, 430, 414, 419, 421, 436, 418, 412, 430, 434, 423, 426, 408, 437, 435, 428, 412, 426, 409, 439, 422, 426, 414, 416

(a) Calculate a point estimate of the mean oxide thickness for all wafers in the population. (Round your answer to 3 decimal places.)

(b) Calculate a point estimate of the standard deviation of oxide thickness for all wafers in the population. (Round your answer to 2 decimal places.)

(c) Calculate the standard error of the point estimate from part (a). (Round your answer to 2 decimal places.)

Answer:

a) point estimate of the mean oxide thickness for all wafers in the population is 423.333

b) point estimate of the standard deviation of oxide thickness for all wafers in the population is 9.23

c) the standard error of the point estimate from part (a) is 1.88

Step-by-step explanation:

Given the data in the question;

x = 425, 430, 414, 419, 421, 436, 418, 412, 430, 434, 423, 426, 408, 437, 435, 428, 412, 426, 409, 439, 422, 426, 414, 416.  

a)

To determine the mean;

we sum the total value divided by the sample size.

mean x" =  (425 + 430 + 414 + 419 + ............... + 414 + 416) / 24

mean x'' =   10160/ 24    

mean x" = 423.3333 ≈ 423.333

Therefore; point estimate of the mean oxide thickness for all wafers in the population is 423.333

b)  standard deviation

we can determine the population standard deviation us the formula;

S.D(X) = √[ (ⁿ∑_[tex]_{i=1}[/tex] ([tex]X_{i}[/tex] - X")²) / n ]

= √[ {(425-423.3333)² + (430-423.3333)² +......+ (416-423.3333)² } / 24 ]

= √[ 1957.333 / 24 )

S.D(X) = 9.03  

Note, the point of estimate of the variance population is biased estimate.

The unbiased point estimate of oxide thickness for all wafers in the population will be;

S.D(X) = √[ (ⁿ∑_[tex]_{i=1}[/tex] ([tex]X_{i}[/tex] - X")²) / (n-1) ]

= √[ {(425-423.3333)² + (430-423.3333)² +......+ (416-423.3333)² } / (24-1) ]

= √[ 1957.333 / 23 )

S.D(X) = 9.225 ≈ 9.23

Therefore, point estimate of the standard deviation of oxide thickness for all wafers in the population is 9.23

c) the standard error  

SE (X") = S.D / √n

since the standard deviation is the unbiased estimate for the population, so;

SE (X") = 9.23 / √24

SE (X") = 1.884 ≈ 1.88

Therefore, the standard error of the point estimate from part (a) is 1.88

The area of a circle is 25.12 square yards. If the dimensions of the circle are tripled, what will be the area of the new figure?

1. 226.08 yd 2
2. 8.37 yd 2
3. 75.36 yd 2
4. 150.72 yd 2

Answers

Answer:

75.36

Step-by-step explanation:

if its 25.12 jus multiply it by 3 since its tripled

John had to different syrups. Syrup A is 2 parts sugar and 8 parts water, and Syrup B is 3 parts syrup and 5 parts water. How much of each should John mix together to get 280 quarts of syrup that is 3 parts sugar and 7 parts water?

Answers

It all started when my mom met my dad...

You'll know the rest

what the answer to this 7(3 + b)

Answers

Answer:

21 + 7b

Step-by-step explanation:

We have the expression 7(3 + b) and are being asked the answer.

Our expression has a number out of a certain parenthesis, when this occurs, this means that we must distribute the number outside the parenthesis to the numbers inside. Do as following :

7(3 + b)

(7(3) + 7(b))

21 + 7b

(I am unsure on whether you forgot the "= 0" at the end, if you did please tell me in the comment section and I will change my answer.)

A family is driving 550 miles to their grandmother's house. They have already driven 350 miles.
Which equation shows the rate, r, in miles per hour, the family must drive to reach their
grandmother's house in 4 hours?
4r + 350 = 550
550 + 350 = 4r
4++ 350 = 550
T
550 - 350

Answers

Answer:

i tink is b

Step-by-step explanation:

The equation that represents the situation will be 4r + 350 = 550. Then the correct option is A.

What is speed?

Speed is defined as the length traveled by a particle or entity in an hour. It is a scale parameter. It is the ratio of length to duration.

We know that the speed formula

Speed = Distance/Time

A family is driving 550 miles to their grandmother's house. They have already driven 350 miles.

Let 'r' be the speed of the car in miles per hour. The family must drive to reach their grandmother's house in 4 hours. Then the equation is given as,

4r + 350 = 550

The equation that represents the situation will be 4r + 350 = 550. Then the correct option is A.

More about the speed link is given below.

https://brainly.com/question/7359669

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what is 729 : 4 in long division ​

Answers

Answer: Here's what I got:

Step-by-step explanation:

I don't know if this what you wanted:

Choose Yes or No to tell if the fraction
will make each equation true.
3
+ a
=
23
24
Choose.. v
+=
Choose.. v
13
18
Choose.. v
-=+
Choose.. v
15

Answers

Answer:

yes

yes

no

yes

Step-by-step explanation:

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