Question
Question: Odds are \(8\) to \(5\) against a person who is \(40\)yr old living till he is \(70\) and \(4\) to \...
Odds are 8 to 5 against a person who is 40yr old living till he is 70 and 4 to 3 against another person now 50 till he will be living 80. Probability that one of them will be alive next 30yr. is-
(A) 9159
(B) 9144
(C) 9151
(D) 9132
Solution
First we have to find the probability for the 2 persons to be alive and dead for the next 30 years. Later we must find the probability that one of them will be alive for the next 30 years.
In any random test or experiment, the sum of probabilities of happening and not happening an event is always equal to 1, i.e., P(E)+P(E)=1.
Complete step-by-step answer:
Let A be the event that person A will live in the next thirty years and let B be the event that person B will live in the next thirty years.
We have given, odds are 8 to 5 against person A that he will live next thirty years.
So, the probability that the person A will be alive in next 30 years, P(A) =5+85 =135
The probability that the person A will be dead in next 30 years, P(A)=1−P(A)=1−135=138
Now for second person B, odds are 8 to 5 against that he will live next thirty years.
So, the probability that the person B will be alive in next 30 years, P(B)=3+43=73
The probability that the person A will be dead in next 30 years, P(B)=1−P(B)=1−73=74
There are two ways in which one person is alive after 30 years, i.e., AB and AB.
So, required probability=P(A)⋅P(B)+P(A)⋅P(B)
=135×74+138×73
=9120+9124
=9144
The required probability is =9144.
Note: An independent event is one where the result does not get impacted by some other events. Here, AB and AB are two independent events, so the required probability is given by P(A)⋅P(B)+P(A)⋅P(B).