If there are 10,000 people in your age bracket,and 10 of them died last year,an insurance company believes that the probability of someone in that age bracket dying this year would be
A) 0.
B) .001.
C) .0001.
D) 1,000.

Question

Quizplus · Accepted Answer

The probability of someone in the age bracket dying this year can be calculated by dividing the number of people who died last year by the total number of people in the age bracket:
 
Probability = Number of deaths last year / Total number of people in the age bracket
Probability = 10 / 10,000
Probability = 0.001
 
Therefore, the probability of someone in the age bracket dying this year is 0.001 or 0.1%.

If There Are 10,000 People in Your Age Bracket,and 10