Life Insurance: A life insurance company wants to estimate the probability that a 40-year-old male will...
Life Insurance: A life insurance company wants
to estimate the probability that a 40-year-old male will live
through the next year. In a sample of 8000 such men from prior
years, 7995 lived through the year. Use the relative frequency
approximation to estimate the probability that a randomly selected
40-year-old male will live through the next year. Round
your answer to 4 decimal places.
P(he lives through the year) =
Homework Answers
P(he lives through the year) = 7995/8000
= 0.9994
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Life Insurance: A life insurance company wants
to estimate the probability that a 40-year-old male will...
Life Insurance: A life insurance company wants to estimate the probability that a 40-year-old male will...
Life Insurance: A life insurance company wants to estimate the probability that a 40-year-old male will live through the next year. In a sample of 9000 such men from prior years, 8994 lived through the year. Use the relative frequency approximation to estimate the probability that a randomly selected 40-year-old male will live through the next year. Round your answer to 4 decimal places. P(he lives through the year) =
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