Chapter 8.5, Problem 31E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

In the following problems use a normal approximation to the binomial.

** Insurance** Empirical records show that the probability is 0.06 that a driver insured with Riders Insurance Company will have an accident during 2016 in which he or she is at fault. If the company has 12,000 drivers insured in Century City, what is the probability that at most 800 will have an at-fault accident in 2016?

To determine

**To calculate:** The probability that maximum 800 will have an at fault accident in 2016 if practical data show that the probability is 0.06 for a driver insured with Riders Insurance company will have an accident in the year 2016 in which he or she is at fault.

Explanation

**Given Information:**

The practical data show that the probability is 0.06 that a driver insured with Riders Insurance company will have an accident in the year 2016 in which he or she is at fault.

**Formula used:**

If data for a population are normally distributed and

If

And standard deviation is;

**Calculation:**

Consider that the insurance and it is a binomial experiment with,

The probability that at most 800 will have an accident in the year 2016 so;

Where *n* is the number of drivers insured in the city.

And *p* is the probability that the driver insured with riderâ€™s insurance that is the chance to win.

Now find the value of

Where *q is* the probability to lose and calculated as;

Sect-8.1 P-1CPSect-8.1 P-2CPSect-8.1 P-3CPSect-8.1 P-4CPSect-8.1 P-1ESect-8.1 P-2ESect-8.1 P-3ESect-8.1 P-4ESect-8.1 P-5ESect-8.1 P-6E

Sect-8.1 P-8ESect-8.1 P-9ESect-8.1 P-10ESect-8.1 P-11ESect-8.1 P-12ESect-8.1 P-13ESect-8.1 P-14ESect-8.1 P-15ESect-8.1 P-16ESect-8.1 P-17ESect-8.1 P-18ESect-8.1 P-19ESect-8.1 P-20ESect-8.1 P-21ESect-8.1 P-22ESect-8.1 P-23ESect-8.1 P-24ESect-8.1 P-25ESect-8.1 P-26ESect-8.1 P-27ESect-8.1 P-28ESect-8.1 P-29ESect-8.1 P-30ESect-8.1 P-31ESect-8.1 P-32ESect-8.1 P-33ESect-8.2 P-1CPSect-8.2 P-2CPSect-8.2 P-3CPSect-8.2 P-4CPSect-8.2 P-1ESect-8.2 P-2ESect-8.2 P-3ESect-8.2 P-4ESect-8.2 P-5ESect-8.2 P-6ESect-8.2 P-7ESect-8.2 P-8ESect-8.2 P-9ESect-8.2 P-10ESect-8.2 P-11ESect-8.2 P-12ESect-8.2 P-13ESect-8.2 P-14ESect-8.2 P-15ESect-8.2 P-16ESect-8.2 P-17ESect-8.2 P-18ESect-8.2 P-19ESect-8.2 P-20ESect-8.2 P-21ESect-8.2 P-22ESect-8.2 P-23ESect-8.2 P-24ESect-8.2 P-25ESect-8.2 P-26ESect-8.2 P-27ESect-8.2 P-28ESect-8.2 P-29ESect-8.2 P-30ESect-8.2 P-31ESect-8.2 P-32ESect-8.2 P-33ESect-8.2 P-34ESect-8.2 P-35ESect-8.2 P-36ESect-8.2 P-38ESect-8.2 P-39ESect-8.2 P-40ESect-8.2 P-41ESect-8.2 P-42ESect-8.2 P-43ESect-8.2 P-45ESect-8.2 P-46ESect-8.2 P-50ESect-8.2 P-51ESect-8.2 P-52ESect-8.2 P-53ESect-8.2 P-54ESect-8.2 P-55ESect-8.2 P-56ESect-8.3 P-1CPSect-8.3 P-2CPSect-8.3 P-3CPSect-8.3 P-4CPSect-8.3 P-1ESect-8.3 P-2ESect-8.3 P-3ESect-8.3 P-4ESect-8.3 P-5ESect-8.3 P-6ESect-8.3 P-7ESect-8.3 P-8ESect-8.3 P-9ESect-8.3 P-10ESect-8.3 P-11ESect-8.3 P-12ESect-8.3 P-13ESect-8.3 P-14ESect-8.3 P-15ESect-8.3 P-16ESect-8.3 P-17ESect-8.3 P-18ESect-8.3 P-19ESect-8.3 P-20ESect-8.3 P-21ESect-8.3 P-22ESect-8.3 P-23ESect-8.3 P-24ESect-8.3 P-25ESect-8.3 P-26ESect-8.3 P-27ESect-8.3 P-28ESect-8.3 P-29ESect-8.3 P-30ESect-8.3 P-31ESect-8.3 P-32ESect-8.3 P-33ESect-8.3 P-34ESect-8.3 P-35ESect-8.3 P-36ESect-8.3 P-37ESect-8.3 P-38ESect-8.3 P-39ESect-8.3 P-40ESect-8.3 P-41ESect-8.3 P-42ESect-8.3 P-43ESect-8.3 P-44ESect-8.3 P-45ESect-8.3 P-46ESect-8.3 P-47ESect-8.3 P-48ESect-8.3 P-49ESect-8.3 P-50ESect-8.3 P-51ESect-8.3 P-52ESect-8.3 P-53ESect-8.3 P-54ESect-8.3 P-55ESect-8.3 P-56ESect-8.3 P-57ESect-8.3 P-58ESect-8.4 P-1CPSect-8.4 P-2CPSect-8.4 P-3CPSect-8.4 P-1ESect-8.4 P-2ESect-8.4 P-3ESect-8.4 P-4ESect-8.4 P-5ESect-8.4 P-6ESect-8.4 P-7ESect-8.4 P-8ESect-8.4 P-9ESect-8.4 P-10ESect-8.4 P-11ESect-8.4 P-12ESect-8.4 P-13ESect-8.4 P-14ESect-8.4 P-15ESect-8.4 P-16ESect-8.4 P-17ESect-8.4 P-18ESect-8.4 P-19ESect-8.4 P-20ESect-8.4 P-21ESect-8.4 P-22ESect-8.4 P-23ESect-8.4 P-24ESect-8.4 P-25ESect-8.4 P-26ESect-8.4 P-27ESect-8.4 P-28ESect-8.4 P-29ESect-8.4 P-30ESect-8.4 P-31ESect-8.4 P-32ESect-8.4 P-33ESect-8.4 P-34ESect-8.4 P-35ESect-8.4 P-36ESect-8.4 P-37ESect-8.4 P-38ESect-8.4 P-39ESect-8.4 P-40ESect-8.4 P-41ESect-8.4 P-42ESect-8.4 P-43ESect-8.4 P-44ESect-8.4 P-45ESect-8.4 P-46ESect-8.4 P-47ESect-8.5 P-1CPSect-8.5 P-2CPSect-8.5 P-1ESect-8.5 P-2ESect-8.5 P-3ESect-8.5 P-4ESect-8.5 P-5ESect-8.5 P-6ESect-8.5 P-7ESect-8.5 P-8ESect-8.5 P-9ESect-8.5 P-10ESect-8.5 P-11ESect-8.5 P-12ESect-8.5 P-13ESect-8.5 P-14ESect-8.5 P-15ESect-8.5 P-16ESect-8.5 P-17ESect-8.5 P-18ESect-8.5 P-19ESect-8.5 P-20ESect-8.5 P-21ESect-8.5 P-22ESect-8.5 P-23ESect-8.5 P-24ESect-8.5 P-25ESect-8.5 P-26ESect-8.5 P-27ESect-8.5 P-28ESect-8.5 P-29ESect-8.5 P-30ESect-8.5 P-31ESect-8.5 P-32ESect-8.5 P-33ESect-8.5 P-34ESect-8.5 P-35ESect-8.5 P-36ESect-8.5 P-37ESect-8.5 P-38ECh-8 P-1RECh-8 P-2RECh-8 P-3RECh-8 P-4RECh-8 P-5RECh-8 P-6RECh-8 P-7RECh-8 P-8RECh-8 P-9RECh-8 P-10RECh-8 P-11RECh-8 P-12RECh-8 P-13RECh-8 P-14RECh-8 P-15RECh-8 P-16RECh-8 P-17RECh-8 P-18RECh-8 P-19RECh-8 P-20RECh-8 P-21RECh-8 P-22RECh-8 P-23RECh-8 P-24RECh-8 P-25RECh-8 P-26RECh-8 P-27RECh-8 P-28RECh-8 P-29RECh-8 P-30RECh-8 P-31RECh-8 P-32RECh-8 P-33RECh-8 P-34RECh-8 P-35RECh-8 P-36RECh-8 P-37RECh-8 P-38RECh-8 P-39RECh-8 P-40RECh-8 P-41RECh-8 P-42RECh-8 P-43RECh-8 P-44RECh-8 P-45RECh-8 P-46RECh-8 P-47RECh-8 P-48RECh-8 P-49RECh-8 P-50RECh-8 P-51RECh-8 P-52RECh-8 P-53RECh-8 P-54RECh-8 P-55RECh-8 P-56RECh-8 P-1TCh-8 P-2TCh-8 P-3TCh-8 P-4TCh-8 P-5TCh-8 P-6TCh-8 P-7TCh-8 P-8TCh-8 P-9TCh-8 P-10TCh-8 P-11TCh-8 P-12TCh-8 P-13TCh-8 P-14TCh-8 P-15TCh-8 P-16TCh-8 P-17TCh-8 P-18TCh-8 P-19TCh-8 P-20TCh-8 P-21TCh-8 P-1EAGP1

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