A) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year for at most 1 accident. You may assume all 12 policies are independent.What is the expected number of accidents in the year? B) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year for at most 1 accident. You may assume all 12 policies are independent.What is the variance of the number of accidents in the year? C) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year. Each policy covers one accident per insured car. You may assume all 12 policies are independent.What is the probability there is at least 1 accident in the year? Enter your final answer rounded to four decimals. Do not round intermediate steps.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question 1
A) An insurance company believes the probability that owners of a certain type
of car are involved in an accident in the next year is equal to 0.05. The
company sells policies to insure 12 of these cars for a year for at most 1
accident. You may assume all 12 policies are independent.What is the
expected number of accidents in the year?
B) An insurance company believes the probability that owners of a certain type
of car are involved in an accident in the next year is equal to 0.05. The
company sells policies to insure 12 of these cars for a year for at most 1
accident. You may assume all 12 policies are independent.What is the
variance of the number of accidents in the year?
C) An insurance company believes the probability that owners of a certain type
of car are involved in an accident in the next year is equal to 0.05. The
company sells policies to insure 12 of these cars for a year. Each policy
covers one accident per insured car. You may assume all 12 policies are
independent.What is the probability there is at least 1 accident in the year?
Enter your final answer rounded to four decimals. Do not round intermediate
steps.
Transcribed Image Text:Question 1 A) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year for at most 1 accident. You may assume all 12 policies are independent.What is the expected number of accidents in the year? B) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year for at most 1 accident. You may assume all 12 policies are independent.What is the variance of the number of accidents in the year? C) An insurance company believes the probability that owners of a certain type of car are involved in an accident in the next year is equal to 0.05. The company sells policies to insure 12 of these cars for a year. Each policy covers one accident per insured car. You may assume all 12 policies are independent.What is the probability there is at least 1 accident in the year? Enter your final answer rounded to four decimals. Do not round intermediate steps.
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