A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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A large life office has n policyholders, each with a probability of 0.01 of dying during
the next year (independently of all other policyholders).
Calculate the approximate probability that there will be between 9 and 16 (both
inclusive) deaths during the year, when :
(i)
n = 400
(ii) n = 300
Transcribed Image Text:A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300
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