Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet. Mortality tables

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Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet. Mortality tables indicate the likelihood of a 60-year-old man surviving another year is .98. If the policy is offered to five men age 60:

a. What is the probability all five men survive the year?

b. What is the probability at least one does not survive?

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 11:48 AM

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Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet. Mortality tables

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Statistical Techniques in Business and Economics

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