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)
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8.15. 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.
Transcribed Image Text:8.15. 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.
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