a. If a customer complains that her package of the film does not show the expiration date, what is the probability that it was inspected by john?
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A:
Q: Help her address the charge of gender discrimination by finding the probability of getting five or…
A: NOTE: as per guidelines i have calculated first main question here given After being rejected for…
Q: Suppose you want to start a new campaign to raise funds for a local non-profit organization in your…
A: Given : Number of household = 25000
Q: The following is the probability function used to depict the projected net income (in millions) for…
A: Let X be the net Income (in million $). We have been given the probability distribution of X. To…
Q: The Jones family was one of the first to come to the U.S. They had 6 children. Assuming that the…
A: Given that n=6 , p=0.5 , q=1-p=1-0.5=0.5 X~Binomial(n=6,p=0.5) X= Number of girls p=probability of…
Q: According to one poll, 55% of households in a certain region had no landline and only had cell phone…
A: Given information- We have given a problem of the binomial distribution. We have given that one…
Q: If records indicate that 2 houses out of 1000 are expected to be damaged by fire in any year, what…
A: Let us denote X= number of damaged houses Given that the probability of a damaged house= 2/1000 =…
Q: An insurance company prices its Tornado Insurance using the following assumptions: • In any calendar…
A: 0.9347Explanation:According to the Insurance company's assumptions, the occurrence of tornadoes in a…
Q: The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $17…
A: Given that,The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed…
Q: Suppose that the proportions of blood phenotypes in a particular population are as follows: A B АВ…
A: Hi there! Thanks for the questions. Since, there are two different questions, we have solved one…
Q: An insurance company writes a policy to the effect that an amount of money A must be paid if some…
A: An insurance company writes a policy to the effect that an amount of money A must be paid if some…
Q: Consider this question stem for this current question one (1) and the next question (2). Statistics…
A: From the provided information, 40% of men renew their car licenses after the deadline date that is p…
Q: Question 22 The employees of a on questions cr no company were sur Surveyod regarding their…
A: single married total had college degree 60 140 200 not have college degree 140 260 400 total…
Q: A company's records indicate that on any given day about 1% of their day-shift employees and 2% of…
A: The tree diagram for the given scenario is,
Q: find the probability that on a given day the fifth prescription written by a doctor for Valium is a.…
A:
Q: Please help answer this question: You have been informed that the assessor will visit your home…
A: Probability density function:Let x denotes the time of the assessor visits home. Here, X ~ U(10,…
Q: certaln Industryfacil Infrequently. wh that the probability of an accident on ny given day is .005…
A:
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A: It is given that n = 22 and p = 0.06.
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A: Let X denotes the number of tornados. Thus, n = sample size = 10 and p = 0.03 Thus, the X ~ B(10,…
Q: An insurance company prices its Tornado Insurance using the following assumptions: • In any calendar…
A: given data there can be atmost one tornado per yesr P(tornado) = 0.07no. of tornado in any year is…
Q: A company prices its tornado insurance using the following assumptions: any calendar • In any…
A:
Q: A state's weather service provides a continuously running 150-second recorded telephone message…
A: Given that - A state's weather service provides a continuously running 150-second recorded telephone…
Q: 4. In 2010, your company paid overtime wages or hired temporary help during 32 weeks of the year.…
A: Note: As we are entitled to solve one question at a time, I will answer the first question, please…
Q: If records indicate that 14 houses out of 1000 are expected to be damaged by fire in any year, what…
A: Let us denote X= number of damaged houses Given that the probability of a damaged house= 14/1000 =…
Q: General Grant must send orders to General Butler. Carrier pigeons are the medium of choice. A single…
A: Let there are n trials and each having two outcomes - Success and Failure. The trials are…
Q: A state's weather service provides a continuously running 60-second recorded telephone message about…
A:
Q: In the transmission of digital information, the probability that a bit has high, moderate, or low…
A: "Since you have posted a question with multiple subparts we will provide solutions only to the first…
Q: Sara is a 60-year-old Anglo female in reasonably good health. She wants to take out a $50,000 term…
A: The probability distribution is given as-x=Age6061626364P(Death at this…
Q: A survey of 2,450 adults reported that 53% watch news videos. Complete parts (a) through (c) below.…
A:
Q: On average, each insurance claim forwarded to a certain division of an insurance company has a 60%…
A:
Q: calculate the probability that there are fewer than 4 tornadoes in a 12-year period.
A: Let , X be the number of tornadoes in a 12-year period Here , X→B(n=12 , p=0.11) The probability…
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A: According to the given assumptions,The probability of a tornado in any calendar year is 0.13That is,…
Q: A recent survey of 1021 employees found that 23% of them would lay off their bosses if they could.…
A: Givenp=0.23sample size(n)=10Let "x" be the no.of employess would lay off their…
Q: Suppose a life insurance company sells a $220,000 one-year term life insurance policy to a…
A: Cost incurred by company if died = -220000+260 = -219740 Cost received by company if not died= 260…
Q: In certain industry facility accidents occur infrequently. It is known that the probability of an…
A: Given: n=400, p = 0.005 Let X be the number of accidents on any given day. X ~ Poisson(400, 0.005)
Q: Suppose that 28.7% of Canadians contributed to their RRSP (registered retirement fund) this year. If…
A: We have given that, X be the random variable from binomial distribution with p= 28.7% = 0.287 and…
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A: We have to use binomial distribution to find out the probability of getting at most 3 ornando in 11…
Q: You are an accountant who is performing the annual audit at Hokem, Billem, and Soakem, a large…
A: Given The data is as follows: 8% of the accountants has errors
Q: The reported rate for colorblindness for men ages 65 and older is 12%. Assume this estimate is the…
A:
Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- I need the answer of the question attached. Please show all the work.. Thanks.Question 11An insurance company prices its Tornado Insurance using the following assumptions: In any calendar year, there can be at most one tornado. In any calendar year, the probability of a tornado is 0.15. The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year. Using the insurance company's assumptions, calculate the probability that there are fewer than 3 tornadoes in a 15-year period. Round your answer to four decimal places.
- Suppose a life insurance company sells a $270,000 one-year term life insurance policy to a 22-year-old female for $230. The probability that the female survives the year is 0.999552. Compute and interpret the expected value of this policy to the insurance company. The expected value is $. (Round to two decimal places as needed.)On a certain chemistry class, a professor has observed that, on her past final exams, 72% of the students pass the final exam. Assume that students in the current class perform similarly. a. If the professor currently has a large lecture class of 125 students. What is the ESTIMATE probability that 75 to 100 students will pass the final exam? b. In addition to the large lecture, if the professor has an evening class of 30 students, what is the ACTUAL probability that 18 to 22 students will pass the final exam?A company prices its tornado insurance using the following assumptions:• In any calendar year, there can be at most one tornado.• In any calendar year, the probability of a tornado is 0.08.• The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year.Using the company's assumptions, calculate the probability that there are fewer than 4 tornadoes in a 21-year period.
- Consider an M/M/1 queuing system with mean inter arrival time of 4 minutes. The average service time for each customer is 3 minutes. The probability that there are 3 arrivals in the system is closest to O a. None of these O b. 0.105 Oc. 0.895 O d. 0.422A study of hospital admissions in New York State found that of the admissions led to treatment-caused injuries. One-seventh of these treatment-caused injuries resulted in death, and one-fourth were caused by negligence. Malpractice claims were filed in one out of cases involving negligence, and payments were made in one out of every two claims. a. What is the probability a person admitted to the hospital will suffer a treatment-caused injury due to negligence (to decimals)? b. What is the probability a person admitted to the hospital will die from a treatmen-caused injury (to decimals)? c. In the case of a negligent treatment-caused injury, what is the probability a malpractice claim will be paid (to decimals)?A recent survey of 1022 employees found that 26% of them would lay off their bosses if they could. Complete parts a through d below based on a random sample of 10 employees. ... a. What is the probability that exactly three employees would lay off their boss? The probability is (Round to four decimal places as needed.) b. What is the probability that three or fewer employees would lay off their bosses? The probability is (Round to four decimal places as needed.) c. What is the probability that five or more employees would lay off their bosses? The probability is (Round to four decimal places as needed.) d. What are the mean and standard deviation for this distribution? The mean number of employees that would lay off their bosses is (Type an integer or a decimal. Do not round.) The standard deviation of employees that would lay off their bosses is approximately (Round to four decimal places as needed.) 4
- A life insurance salesman operates on the premise that the probability that a man reaching his sixtieth birthday will not live to his sixty-first birthday is 0.050.05. On visiting a holiday resort for seniors, he sells 1010 policies to men approaching their sixtieth birthdays. Each policy comes into effect on the birthday of the insured, and pays a fixed sum on death. All 1010 policies can be assumed to be mutually independent. Provide answers to the following to 3 decimal places.Part a)What is the expected number of policies that will pay out before the insured parties have reached age 61?Part b)What is the variance of the number of policies that will pay out before the insured parties have reached age 61?Part c)What is the probability that at least two policies will pay out before the insured parties have reached age 61?Based on a poll, among adults who regret getting tattoos, 24% say that they were too young when they got their tattoos. Assume that six adults who regret getting tattoos are randomly selected, and find the indicated probability. Complete parts (a) through (a) below.A recent survey of 1123 employees found that 38% of them would lay off their bosses if they could. Complete parts a through d below based on a random sample of 12 employees. a. What is the probability that exactly three employees would lay off their boss? The probability is (Round to four decimal places as needed.)