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9.5 · Q61

Q.The odds against a husband who is 60 years old, living till he is 85 are 7:5. The odds against his wife who is now 56, living till she is 81 are 5:3. Find the probability that a) at least one of them will be alive 25 years hence b) exactly one of them will be alive 25 years hence.

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Odds against husband alive 7:57:5 gives P(husband alive)=5/12P(\text{husband alive})=5/12. Odds against wife alive 5:35:3 gives P(wife alive)=3/8P(\text{wife alive})=3/8.

a) At least one alive =1−P(neither)=1−(1−512)(1−38)=1−712×58=1−3596=6196=1-P(\text{neither})=1-(1-\frac{5}{12})(1-\frac{3}{8})=1-\frac{7}{12}\times\frac{5}{8}=1-\frac{35}{96}=\frac{61}{96}. …

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