An insurance company has a portfolio of 10,000 policies. Based on past data the company estimates that the probability of a claim on any one policy in a year is 0.003. It assumes no policy will generate more than one claim in a year. 4. 5. study to compare two different methods of teaching reading, a class of 20 children divided into two groups at random. Each group was taught reading using one (a) (b) (c) Determine the approximate probability of more than 40 claims from the portfolio of 10,000 policies in a year.

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A: The average number of individuals (based on a survey of 7 millennials) who have one or more tattoos…

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A: It is given that p = 0.03 and n =2,000.

Q: An applicant has applied for positions at Company A and Company B. There is a 40% chance of getting…

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Q: aple of fifty college students, what is the probability that at least forty of them participate in a…

A:

Q: A bank is interested in studying the number of people who use the ATM located outside its office…

A: Average=1.6 customer X~Pois( average=1.6) for 10 minutes interval

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A:

Q: According to the manufacturer, M&M's are produced and distributed in the following proportions:…

A: P(brown ) =0.113P(red) =0.108P(yellow) =0.143P(green) =0.184P(orange) =0.177P(blue) =0.275

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A:

Q: Approximately 6% of American drivers d not text while they drive. Suppose you are working with a…

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A: The number of selected bulbs, n=100.The number of defective bulbs, x=10

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Q: It was reported that 19.8% of computer games sold in 2005 were classified as "family and…

A: Given Let A = computer games sold were classified as " family and children" P(A)=19.8%=0.198

Q: An automated assembly line produces 43,500 parts per duty cycle. The probability that a randomly…

A:

Q: Based on historical data, your manager believes that 33% of the company's orders come from…

A:

Q: Suppose that a screening test diagnoses 97% of sick people positive and 95% of healthy people…

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Q: In Jamalpur District, 60% of children started primary school, 70% of the children who have completed…

A:

Q: 1. Study of consumer buying habits revealed that 30% of consumers only shop in retail brick and…

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Q: The average number of calls per minute received by a telephone switchboard is 120. What is the…

A:

Q: Suppose that at Michigan State University, 35% of students are international students. What is the…

A:

Q: M = 75.85 and SD = 6.38, what is the probability of a score falling below a raw score of 63.00?

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Q: It is estimated that 0.45 percent of the callers to the Customer Service department of Dell…

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A: It is given asTotal number of students are= 27 + 13 + 14 + 34 = 88

Q: Organ Donors USA Today provided information about a survey of 5100 adult Internet users. Of the…

A: There are 100 adults who are randomly selected from each state and the District of Columbia.

Q: In a New York Times article a reporter stated that seventy three percent of its readers favored the…

A:

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.