псе pec against loss of both eyes in a car acciden Based on previous data, the rates were computed on the assumption that on the average 10 persons in 1,00,000 will have

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
icon
Related questions
Question
An insurance company insures 4,000 people
against loss of both eyes in a car accident.
Based on previous data, the rates were
computed on the assumption that on the
average 10 persons in 1,00,000 will have car
accident each year that result in this type of
injury. What is the probability that more than 3 of
the insured will collect on their policy in a given
year?
Transcribed Image Text:An insurance company insures 4,000 people against loss of both eyes in a car accident. Based on previous data, the rates were computed on the assumption that on the average 10 persons in 1,00,000 will have car accident each year that result in this type of injury. What is the probability that more than 3 of the insured will collect on their policy in a given year?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL