On average, each insurance claim forwarded to a certain division of an insurance company has a 60% chance of getting approved after the preliminary review. In addition to that, all claims forwarded to this office are assumed to be independent of each other. Suppose on a given day 5 claims are forwarded to this office. What is the probability that at least one of the 5 claims will be approved after the preliminary review? Notes: 1- Your final answer should be expressed as a decimal and not a percentage. 2- Only round your final answer to 4 decimal places. Enter your final answer with 4 decimal places. Your Answer: Answer
On average, each insurance claim forwarded to a certain division of an insurance company has a 60% chance of getting approved after the preliminary review. In addition to that, all claims forwarded to this office are assumed to be independent of each other. Suppose on a given day 5 claims are forwarded to this office. What is the probability that at least one of the 5 claims will be approved after the preliminary review? Notes: 1- Your final answer should be expressed as a decimal and not a percentage. 2- Only round your final answer to 4 decimal places. Enter your final answer with 4 decimal places. Your Answer: Answer
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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Transcribed Image Text:On average, each insurance claim forwarded to a certain division of an insurance
company has a 60% chance of getting approved after the preliminary review. In
addition to that, all claims forwarded to this office are assumed to be independent of
each other. Suppose on a given day 5 claims are forwarded to this office. What is the
probability that at least one of the 5 claims will be approved after the preliminary
review?
Notes:
1- Your final answer should be expressed as a decimal and not a percentage.
2- Only round your final answer to 4 decimal places. Enter your final answer with 4
decimal places.
Your Answer:
Answer
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