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For Scott Hello again Scott, I...

For Scott

Hello again Scott, I am wondering if you can help me sort out a project this week. We have to use Baye's Theorem this week to interpret some data and calculate the conditional probability of an event. I found a link that discusses life insurance in relation to one business owner, two business partners, or three business partners and the likelihood that they will die before age 65. I would like help laying out Bayes Theorem and plugging in these numbers for all three scenarios and out of this info could you help me lay out an excel table that shows the prior probability, conditional, joint and posterior probability for the occurrence of the event? What other assumptions would need to be made to arrive at the conclusions? The link for the info is:http://www.newyorklife.com/nyl/v/index.jsp?vgnextoid=77472f5a919d2210a2b3019d221024301cacRCRD

I am not absolutely tied to this subject so if you can think of another subject that is easier to calculate, that is fine. I just need to note any sources as our papers are checked for plaigarism. I guess the above topic I can relate to formulating into a decision of taking on a partner and getting life insurance or a keyman policy. Let me know if you have any questions. I have 2 days to complete this assignment.

thanks,

Tabitha

Hello again Scott, I am wondering if you can help me sort out a project this week. We have to use Baye's Theorem this week to interpret some data and calculate the conditional probability of an event. I found a link that discusses life insurance in relation to one business owner, two business partners, or three business partners and the likelihood that they will die before age 65. I would like help laying out Bayes Theorem and plugging in these numbers for all three scenarios and out of this info could you help me lay out an excel table that shows the prior probability, conditional, joint and posterior probability for the occurrence of the event? What other assumptions would need to be made to arrive at the conclusions? The link for the info is:http://www.newyorklife.com/nyl/v/index.jsp?vgnextoid=77472f5a919d2210a2b3019d221024301cacRCRD

I am not absolutely tied to this subject so if you can think of another subject that is easier to calculate, that is fine. I just need to note any sources as our papers are checked for plaigarism. I guess the above topic I can relate to formulating into a decision of taking on a partner and getting life insurance or a keyman policy. Let me know if you have any questions. I have 2 days to complete this assignment.

thanks,

Tabitha

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