6. A large insurance company pays out an average of 4 major medical claims in a month. Suppose that the probability of a policyholder making a major medical claim is small. (a) Approximate the probability that it pays at most 1 major medical claim in the coming month. (b) Approximate the probability that it pays at least 3 major medical claims in the coming month.

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A: Given Data: Let X represent the waiting time Waiting time follows exponential distribution E(X)=240…

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A: Given: An event that has occurred once in 3 years. The probability of the event occurring in a…

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A: here from given information  p = probability of kitten is not gray  =  1 - 0.49 = 0.51  n =  4

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A: The average number of people who die in a month from a rare disease in a city is 4.

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A: Given,a rate of errors per page =0.8no.of errors per 5 pages(λ) = 5×0.8=4X=no.of errors per 5…

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Q: Explain the concept of "two-tailed probability"?

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A: λ = 10 bad cheques per dayx = no. of bad cheques per dayP(x=X) = e-λ(λ)xx! _____poisson…

Q: Define PROBABILITY THEORY

A: Probability theory, a branch of mathematics concerned with the analysis of random phenomena. The…

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A: Solution

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A:

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A: Given: mean (μ)= 5 minutes λ=15 per minute

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Q: The chance of rain is 20%, the chance of it being sunny is 60%, and the chance of it being sunny and…

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Q: If the probability that your DVD player breaks down before the extended warranty expires is 0.046​,…

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Q: What is the probability that the fourth occurrence of a 10-year flood will be on the fortieth year?

A:

Q: Suppose a fair coin is tossed 3 times. Find the probability distribution for the number of tails…

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Q: Differentiate Simple event from Compound Event.

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Q: Suppose you roll a die 6 times. What is the probability of getting at least one even number

A:

Q: what is the probability of an event that must happen?

A: The event that must happen is called as sure event or certain event.