The odds are 9:5 against a person who is 50 years living till he is 70 and 8:6 against a person who is 60 living
till he is 80. Find the probability that at least one of them will be alive after 20 years.
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Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. Wikipedia
Step-by-step explanation:
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Answer:,The probability that at least one of them will be alive after 20 years is
Step-by-step explanation:
Given: The odds are 9:5 against a person who is 50 years living till he is 70 and 8:6 against a person who is 60 living till he is 80.
To find: We have to find that at least one of them will be alive after 20 years.
Explanation:
Step 1: The odds against 50 years old person living till he is 70 is 9:5.
∴ The probability that he will live till 70 years
Step 2: The probability that he will not live till 70 years
Step 3: The odds against 60 years old person living till 80 years are 8:6
∴ The probability that he will live till 80 years
Step 4: The probability that he will not live till 80 years
Step 5: The probability that at least one of the person will live 20 years more probability that he will not live 20 years more.
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Hence,the probability that at least one of them will be alive after 20 years is .
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