An insurance company has a portfolio of 10,000 policies. Based on past data the company estimates that the probability of a claim on any one policy in a year is 0.003. It assumes no policy will generate more than one claim in a year. 4. 5. study to compare two different methods of teaching reading, a class of 20 children divided into two groups at random. Each group was taught reading using one (a) (b) (c) Determine the approximate probability of more than 40 claims from the portfolio of 10,000 policies in a year.
An insurance company has a portfolio of 10,000 policies. Based on past data the company estimates that the probability of a claim on any one policy in a year is 0.003. It assumes no policy will generate more than one claim in a year. 4. 5. study to compare two different methods of teaching reading, a class of 20 children divided into two groups at random. Each group was taught reading using one (a) (b) (c) Determine the approximate probability of more than 40 claims from the portfolio of 10,000 policies in a year.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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An insurance company has a portfolio of 10,000 policies. Based on past data the company estimates that the probability of a claim on any one policy in a year is 0.003. It assumes no policy will generate more than one claim in a year.
4.
5.
study to compare two different methods of teaching reading, a class of 20 children divided into two groups at random. Each group was taught reading using one
(a) (b) (c)
Determine the approximate probability of more than 40 claims from the portfolio
of 10,000 policies in a year.
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Determine an approximate equal tailed interval into which the number of claims per year will fall with the probability 0.95
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