Insurance probability tables, as the one on the attachment, tabulates the average # of American males per 100,000 who will die during various age intervals. E.G., out of 100,000 male babies born alive, 1,527 will die before their first birthday. Answer following w/ table:

a.) What is the probability that a newborn male will reach the age 50?
b.) What is the probability that an American male will reach the age of 70, given that he has just turned 50?

(a). The probability that a newborn male will reach the age of 50 can be calculated as follows:
<br>
<br>The probability that a newborn male will die by the 50th birthday is
<br>(1527+495+927+1901+2105+4502)/100000 = 11457/100000=0.11457.
<br>
<br>The ...

Solution Summary

Insurance probability tables, as the one on the attachment, tabulates the average # of American males per 100,000 who will die during various age intervals. E.G., out of 100,000 male babies born alive, 1,527 will die before their first birthday. Answer following w/ table:

a.) What is the probability that a newborn male will reach the age 50?
b.) What is the probability that an American male will reach the age of 70, given that he has just turned 50?

... Joint and Marginal Probability Tables are investigated ... m trying to create a probability tree showing all marginal, conditional and joint probabilities. ...

... 0.4 0.8 6 0.2 1 c. complete the computation of the following simulation table. ... The expert examines probability computations for simulation tables. ...

... W hen x = 17, the sum of the probabilities is "close ... format to help set-up a Poisson Probability Distribution. ... 5 6 Contingency Tables (Cross-Reference Table) and ...

... posting contains solutions to problems on Decision Tables, Probability and Expected ... 2 d3 7 8 9 If the probabilities of s1 ... 15 2 D3 7 8 9 8.2 Probability 0.2 0.4 ...

... D odge, wha t is the probability tha a. zero ... Answers a. For each of these contingency tables, compute all the conditional and marginal probabilities. ...

... Use function NORMSDIST(z) to make the standard normal distribution table. The function NORMSDIST returns a cumulative probability value of P(-  < Z < z ...

... Refer to Problem 5. Assume that the probability of each ... Set up the payoff table to help the manager ... the manager has assigned the following probabilities to the ...

... to Table 11-3, the degrees of freedom of the test statistic is. 4 8 10 448 Answers are Given in Green Color 4 points Save Question 1. The probability that house ...