2) Do you try to pad an insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims! (Source: Are You Normal?, by Bernice Kanner, St. Martin's Press.) Suppose that you are the director of an insurance adjustment office. Your office has just received 128 insurance claims to be processed in the next few days. What is the probability that a) Find the mean and the standard deviation for the approximating normal distribution. b) Find the probability that: i. half (64) or more of the claims have been padded? ii. fewer than 45 of the claims have been padded? iii. from 40 to 64 of the claims have been padded? oissorus

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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2) Do you try to pad an insurance claim to cover your deductible? About 40% of all U.S. adults
will try to pad their insurance claims! (Source: Are You Normal?, by Bernice Kanner, St.
Martin's Press.) Suppose that you are the director of an insurance adjustment office. Your
office has just received 128 insurance claims to be processed in the next few days. What is the
probability that
a) Find the mean and the standard deviation for the approximating normal distribution.
b) Find the probability that:
i. half (64) or more of the claims have been padded?
ii. fewer than 45 of the claims have been padded?
iii. from 40 to 64 of the claims have been padded?
noitsoros visit
man gribroga
Transcribed Image Text:2) Do you try to pad an insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims! (Source: Are You Normal?, by Bernice Kanner, St. Martin's Press.) Suppose that you are the director of an insurance adjustment office. Your office has just received 128 insurance claims to be processed in the next few days. What is the probability that a) Find the mean and the standard deviation for the approximating normal distribution. b) Find the probability that: i. half (64) or more of the claims have been padded? ii. fewer than 45 of the claims have been padded? iii. from 40 to 64 of the claims have been padded? noitsoros visit man gribroga
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