Dane recently decided to start up a new company offering insurance for people's smartphones. He has determined that during a given year only 25% make a claim. Suppose this past year Dane was able to sell 340 insurance policies. What is the probability that greater than 29 percent of his customers made a claim? Answer = Last year was actually quite rough for Dane. It actually put him near the breaking point as it was only predicted that a year this bad or worse would happen only 3% of the time. How many people filed a claim (round up)?

Dane recently decided to start up a new company offering insurance for people's smartphones. He has determined that during a given year only 25% make a claim. Suppose this past year Dane was able to sell 340 insurance policies. What is the probability that greater than 29 percent of his customers made a claim? Answer = Last year was actually quite rough for Dane. It actually put him near the breaking point as it was only predicted that a year this bad or worse would happen only 3% of the time. How many people filed a claim (round up)?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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