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Brooks insurance inc wishes to offer life insurance to men

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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Basic Statistics: Brooks insurance inc wishes to offer life insurance to men

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Basic Statistics: Brooks insurance inc wishes to offer life insurance to men

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