MHB Probability of 4 Adults Having Health Insurance

Thread starter jridgeman99
Start date Feb 15, 2019
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Health Insurance Probability Random

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The probability that four randomly selected adults have health insurance, given that 66% of adults are insured, is calculated using the formula (0.66)^4. This results in a probability of approximately 0.1877, or 18.77%. The assumption is based on a very large population size, which allows for the use of the binomial probability model. The calculation reflects the likelihood of all four individuals being insured under the given percentage. Understanding this probability can help in assessing health insurance coverage among small groups.

Feb 15, 2019

jridgeman99

66% of adults have health insurance, what is the probability that 4 adults selected at random have health insurance?

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Feb 15, 2019

HOI

Assuming this is from a very large population (and we have to since we not given the size of the population), that would be (0.6)^4.

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