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

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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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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