A life insurance company sells insurance policies to clients age 80 or younger. You are given: refer to the table provided. (the projection period is ignored for simplicity) a. A policyholder (person insured in this case) is chosen at random. Calculate the probability that the policyholder will survive? (use a decimal number, to the nearest thousandth, such as 0.123) b. A policyholder of unknown age survives. Calculate the probability that the policyholder was 61 to 80 years old. (use a decimal number, such as 0.12)

A life insurance company sells insurance policies to clients age 80 or younger. You are given: refer to the table provided. (the projection period is ignored for simplicity) a. A policyholder (person insured in this case) is chosen at random. Calculate the probability that the policyholder will survive? (use a decimal number, to the nearest thousandth, such as 0.123) b. A policyholder of unknown age survives. Calculate the probability that the policyholder was 61 to 80 years old. (use a decimal number, such as 0.12)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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