A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Claims Probability 1 0.1 2 0.3 3 0.15 4 0.05 5 0.4 Find the percentage of claims within one standard deviation of the mean. Give your answer as a decimal.
A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Claims Probability 1 0.1 2 0.3 3 0.15 4 0.05 5 0.4 Find the percentage of claims within one standard deviation of the mean. Give your answer as a decimal.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A probability distribution of the claim sizes for an auto insurance policy appears in the following table.
Claims | Probability |
---|---|
1 | 0.1 |
2 | 0.3 |
3 | 0.15 |
4 | 0.05 |
5 | 0.4 |
Find the percentage of claims within one standard deviation of the mean. Give your answer as a decimal.
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