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A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300

A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 25E
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A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300
Transcribed Image Text:A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300
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