An 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 0.12. • 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 4 tornadoes in a 14-year period. Round your answer to four decimal places.

Q: It is said that the probability that a genuine item will be evaluated as an imitation is 0.05, and…

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Q: An office has 14 men and 13 women employees.  Three employees are picked at random for a trip to…

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Q: In a sample of 50 people, 21 had type O blood, 22 had type A blood, 5 had type B blood, and 2 had…

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Q: Alison Bender works for an accounting firm. To make sure her work does not contain errors, her…

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Q: 31% of all college students major in STEM (Science, Technology, Engineering, and Math). If 39…

A: Given,n=39p=0.31Let X=no.of students major in STEM.X~Binomial(n=39 , p=0.31)P(X=x)=39x…

Q: The probability that a student pilot passes the written test for a private pilot license is 0.7.…

A: Given data : The probability that a student pilot passes the written test for a private pilot…

Q: In a recent survey, 65% of the community favored building a health center in their neighborhood. If…

A: Given  p=65%, n=14, x=8

Q: In a statistics class of 42 students, there were 11 men and 31 women. Six of the men and seven of…

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Q: Find the indicated probability. Round to the nearest thousandth.In a blood testing procedure, blood…

A: The probability that individual sample test is negative is, Pn=1-0.11=0.89

Q: A baseball player has a batting average of 0.36. What is the probability that he has exactly 4 hits…

A: Given that Number of trials n=7 Success of probability p=0.36 X~bin(n,p)

Q: If the probability that an event does no occur is 0.3 determine the probability that the event…

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Q: An urn contains 2 white balls and 8 red balls. A second urn contains 6 white balls and 4 red balls.…

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Q: 100 people each have a probability of 0.01 of contracting a disease. What is the probability that…

A: Let the random variable X denote the no. of people contracting a disease and it follows binomial…

Q: In a large population, 61% of the people have been vaccinated. If 5 people are randomly selected,…

A: From the given information, Sample size (n) = 5, Probability of success (p) = 0.61.

Q: An insurance company sold 2,500 policies ($100,000 payout value) this year. The probability of death…

A: The number of deaths that would result in breaking even means that the expected mean is zero.…

Q: At a sports camp, it was found that 80% of students play soccer, 71% of students play baseball, and…

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Q: Find the probability that the day of the week begins with a T or a W

A: We know, number of days in a week = 7 set of days in a week = {Monday, Tuesday, Wednesday, Thursday,…

Q: t Dee Dee's Dinette​, the probability that a customer orders coffee is 0.66​, the probability that a…

A: Given : the probability that a customer orders coffee is 0.66 the probability that a customer orders…

Q: In a large population, 66% of the people have been vaccinated. If 4 people are randomly selected,…

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Q: An office has 6 men and 12 women employees.  Three employees are picked at random for a trip to…

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Q: If the probability that a randomly chosen college student takes statistics is 0.34, then what is the…

A: The probability that a randomly chosen college student takes statistics is 0.34. The probability…

Q: A woman plans to have two children. The probability that each child is a boy is 0.525, and the birth…

A: Given,P(a baby boy)=0.525P(a baby girl)=1-0.525=0.475

Q: Twenty percent of all undergraduates at a university are chemistry majors. In a random sample of six…

A: P9chemistry major) = p = 0.20 sample size(n) = 6 x = no. of chemistry majors P(x=3) = ?

Q: The probability of a tornado in your home county in any one year is 0.073. What is the probability…

A: Answer:- Given, The probability of a tornado in your home county in any one year is 0.073. That is,…

Q: What is the probability that she will not have to stop at the light all next week?

A: It is given that the probability that the light will be red is 65% = 0.65

Q: Find the probability of that he or she owns a credit card given that the student is a freshman.…

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Q: 42 students, there were 11 men and 31 women. Six of the men and seven of the women received an A.…

A: The probability can be calculated as: Probability = Number of favorable outcomes/ Total number of…

Q: given month at this intersection: (a) at least 2 accidents will occur? (b) 5 or 6 accidents in half…

A: It is given that the random variable X i.e, intersection results follow Poisson distribution with…

Q: In a large population, 52% of the people have been vaccinated. If 5 people are randomly selected,…

A: Here n=5AndP=52%=0.52

Q: You roll a die five times. What is the probability that you will see a string of three or more…

A: Given data: *The die is rolled 5 times, n=5. The probability of getting one (success) when a one die…

Q: The average number of field mice per acre in a wheat field is estimated to be 1.2. Find the…

A: Given, The average number of field mice per acre in a wheat field is estimated to be 1.2. The…

Q: An urn contains 4 white balls and 6 red balls. A second urn contains 7 white balls and 3 red balls.…

A: given that…