A city has just added 80 new female recruits to its police force. The city will provide a pension to each new hire who remains with the force until retirement. In addition, if the new hire is married at the time of her retirement, a second pension will be provided for her husband. A consulting actuary makes the following assumptions: (1) Each new recruit has a 0.37 probability of remaining with the police force until retirement. (ii) Given that a new recruit reaches retirement with the police force, the probability that she is not married at the time of retirement is 0.4. (iii) The number of pensions that the city will provide on behalf of each new hire is independent of the number of pensions it will provide on behals of any other new hire. Determine the probability that the city will provide at most 54 pensions to the 80 new hires and their husbands. Enter your answer as a number accurate to 4 decimal places.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A city has just added 80 new female recruits to its police force. The city will provide a pension to each new
hire who remains with the force until retirement. In addition, if the new hire is married at the time of her
retirement, a second pension will be provided for her husband. A consulting actuary makes the following
assumptions:
(1) Each new recruit has a 0.37 probability of remaining with the police force until retirement.
(ii) Given that a new recruit reaches retirement with the police force, the probability that she is not married
at the time of retirement is 0.4.
(iii) The number of pensions that the city will provide on behalf of each new hire is independent of the
number of pensions it will provide on behalf of any other new hire.
Determine the probability that the city will provide at most 54 pensions to the 80 new hires and their
husbands. Enter your answer as a number accurate to 4 decimal places.
Transcribed Image Text:A city has just added 80 new female recruits to its police force. The city will provide a pension to each new hire who remains with the force until retirement. In addition, if the new hire is married at the time of her retirement, a second pension will be provided for her husband. A consulting actuary makes the following assumptions: (1) Each new recruit has a 0.37 probability of remaining with the police force until retirement. (ii) Given that a new recruit reaches retirement with the police force, the probability that she is not married at the time of retirement is 0.4. (iii) The number of pensions that the city will provide on behalf of each new hire is independent of the number of pensions it will provide on behalf of any other new hire. Determine the probability that the city will provide at most 54 pensions to the 80 new hires and their husbands. Enter your answer as a number accurate to 4 decimal places.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman