5. An insurance company has 10,000 automobile pol- icyholders. The expected yearly claim per policy- holder is $240, with a standard deviation of $800. Approximate the probability that the total yearly claim exceeds $2.7 million.
5. An insurance company has 10,000 automobile pol- icyholders. The expected yearly claim per policy- holder is $240, with a standard deviation of $800. Approximate the probability that the total yearly claim exceeds $2.7 million.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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