Assume that 3 sisters took a joint insurance policy. their ages are 34 , 28 and 24. if one of the sisters die , the policy gives an amt of 100,1000 $ each to the remaining sisters. if 2 sisters die ,...

Extracted text: Assume that 3 sisters took a joint insurance policy. their ages are 34 , 28 and 24. if one of the sisters die , the policy gives an amt of 100,1000 $ each to the remaining sisters. if 2 sisters die , then the policy gives an amount of 500,000$ to the last surviving sister.in case no one dies, the insurer will pay the cash which is = 150.000.$ the term of the policy is 10yrs 1] find the probability that the insurer will pay 500,000$ 2] find the probability that the insurer will pay 150,000$