Chapter 5In preparation for your discussion post, complete the following:•Research data on the U.S. uninsured population(https://aspe.hhs.gov/sites/default/files/private/pdf/265041/trends-in-the-us-uninsured.pdf B).• Choose one condition for your discussion post about an uninsured group. (Forexample, In 2019, 22% of Latine individuals under age 65 were uninsured, Figure 4p.6).For your discussion board post include all of the following:1. Suppose six individuals, within your criteria, are randomly selected. Show or explainyour thinking for each problem. (Note: This is a binomial probability from Section 5.2,they either have insurance or they do not.)A. Let having insurance be a success. State the values of your p, q, and n for yourchosen condition. Explain your thinking. (For my example, if 22% do not haveinsurance, then that is my q (failure) value, my p=0.78, q=0.22, n-6 (6 individuals arerandomly selected in this problem).B. Use excel or a T184 to determine the probability that all six have healthinsurance. Show your keystrokes, created tables, and/or work so we can easilyverify your responses.C. Use excel or a T184 to determine the probability that at least four have healthinsurance. Show your keystrokes, created tables, and/or work so we can easilyverify your responses.D. Use excel or a T184 to determine the probability that none of the individualshave health insurance. Show your keystrokes, created tables, and/or work so wecan easily verify your responses.2. What additional questions would you like to investigate about this data? Whatinterests or concerns you? Explain your thinking.

Given Information:In 2019, 22% of Latine individuals under age 65 were uninsured,

Answered: 1. Suppose six individuals, within your…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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3. Three approaches to assigning probabilities In everyday life, you often face situations that may yield a range of possible outcomes, and you are not certain which outcome will result. By assigning a probability to a possible outcome, you attempt to quantify how likely it is that the possible outcome will occur. A probability is a number between and that reflects the likelihood of some outcome. According to the classical approach to assigning probability, the probability that an outcome occurs is interpreted as: O A value calculated by dividing the number of ways the outcome of interest can occur by the total number of possible outcomes, assuming each outcome is equally likely O A proportion of the time that the outcome occurs when the experiment or situation is presented repeatedly under identical conditions O A personal measure of the strength of belief that an outcome will occur Suppose you assign a probability using the classical approach. Then you should interpret that…
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the sales manager knows that 36% of his clients do not pay their debts in full. He supposes that he selects a sample of 50 clients. What is the probability that 30% or more will not be fulfilled in their obligations? Type your answer here:
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1. The probability that Thomas passes mathematics is 0.45; biology 0.6 and both 0.15. Determine the probability that he fails both mathematics and biology.
There is a 0.9991 probability that a randomly selected 29-year-old male lives through the year. A life insurance company charges $152 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $110,000 as a death benefit. Complete parts (a) through (c) below. Question content area bottom Part 1 a. From the perspective of the 29-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $negative 152−152. The value corresponding to not surviving the year is $109,848109,848. (Type integers or decimals. Do not round.) Part 2 b. If the 29-year-old male purchases the policy, what is his expected value? The expected value is $enter your response here. (Round to the nearest cent as needed.)
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When the economic situation is “high,” a certain economic indicator riseswith probability 0.6. When the economic situation is “medium,” the economic indicator rises with probability 0.3. When the economic situation is “low,” the indicator rises with probability 0.1. The economy is high 15% of the time, it is medium 70% of the time, and it is low 15% of the time. Given that the indicator has just gone up, what is the probability that the economic situation is high?
Show your solutions. Performance Task. Answer the following problems. 1. Of 240 students, 176 are on the honor roll, 48 are members of the varsity team, and 36 are in the honor roll and are also members of the varsity team. What is the probability that a randomly selected student is on the honor roll or is a member of the varsity team?
Consider rolling two fair four sided dice and observing the sum of the dots on each pair. Each of the dice has the numbers 1-4 on them. What is the probability of the sum being odd? Write your answer in decimal point form, for example 10% would be written as 0.1. Do not round your answer. (Hint: start by writing out the probability model similar to the 6 sided dice problem in the notes.)

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