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A company takes a keen interest in the age at which a person is insured. Consequently, a survey conducted on prospective clients indicated that for

A company takes a keen interest in the age at which a person is insured. Consequently, a survey conducted on prospective clients indicated that for clients having the same age the probability that they will be alive in 30 years' time is . This probability was established using the actuarial tables. If a sample of 5 people was insured now, find the probability of having the following possible outcomes in 30 years.

  1. P(r=5)
  2. P(r>3)
  3. P(r<1)
  4. P(r=0)
  5. P(r>1)

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