MHB Probability of 4 Adults Having Health Insurance

Click For Summary
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.
jridgeman99
Messages
5
Reaction score
0
66% of adults have health insurance, what is the probability that 4 adults selected at random have health insurance?
 
Mathematics news on Phys.org
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.
 

Thread 'Area of Overlapping Squares'

Here is a little puzzle from the book 100 Geometric Games by Pierre Berloquin. The side of a small square is one meter long and the side of a larger square one and a half meters long. One vertex of the large square is at the center of the small square. The side of the large square cuts two sides of the small square into one- third parts and two-thirds parts. What is the area where the squares overlap?
View full post »

Similar threads

What are the probabilities involved with package shipping insurance?
  • · Replies 4 ·
Replies
4
Views
2K
MHB What is the probability of a customer only insuring one non-sports car?
  • · Replies 4 ·
Replies
4
Views
5K
MHB Binomial Experiments: Find Probability of x=5, x>=6, x<4
  • · Replies 2 ·
Replies
2
Views
5K
MHB How is Probability Applied in Newspaper Reading Time Statistics?
  • · Replies 9 ·
Replies
9
Views
5K
Is it Rational to Skip Health Insurance if You're Young and Healthy?
  • · Replies 10 ·
Replies
10
Views
2K
Help with solving a probability question
  • · Replies 12 ·
Replies
12
Views
2K
High School Death Rally: an intricate probability problem?
  • · Replies 8 ·
Replies
8
Views
2K
MHB What is the Probability of Knee Problems Requiring Full Knee Replacement?
  • · Replies 9 ·
Replies
9
Views
3K
Probability insurance company problem
  • · Replies 2 ·
Replies
2
Views
1K
MHB COVID-19 in a Small Town: Probability of Infection
  • · Replies 1 ·
Replies
1
Views
2K