Q8. Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly 4 claims will be filed?

Q8. Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly 4 claims will be filed?

Name: Q8. Sweetwater & Associates writeweekend trip insurance at a very nom
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: Q8. Sweetwater & Associates writeweekend trip insurance at a very nominalcharge. Records show that the probabilitythat a motorist will have an accident duringthe weekend and file a claim is 0.0005.Suppose they wrote 400 policies for thecoming weeken

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: In a standard deck of cards, what is the probability that a person selects first a face card and…

A: given data standard deck of 52 cards select cards without replacement P(first face card and then…

Q: 19.The drug company Alcide wants to know if their disinfectant can reduce a certain percentage of…

A: GivenMean of disinfectant kills =25standard deviation=7 a)Let X be the distribution of disinfectant…

Q: Given that every thirtieth person in line will get a coupon for a free box of popcorn at the movies,…

A: Every thirtieth person in line will get a coupon

Q: A company prices its tornado insurance using the following assumptions: • In any calendar year,…

A: Let us denote X=the number of tornados.n=sample size=17p=probability of getting a tornado=0.06Given…

Q: The gestation period for human births can be taken as normally distributed with a mean of 256 days…

Q: What is the relationship between the amount of time statistics students study per week and their…

A: From the given information, Consider, X be the independent variable which denotes the time and Y be…

Q: C. The probability that the the child will be older than 5 years old? | 0.8681 d. The probability…

A: Consider that the answer of the given part a, b, and c are the correct answer. And distribution is…

Q: Based on previous weather records, the probability that the city of Calgary will have a "White…

A: Given: Probability that the city will have a White Christmas on Dec 25th is 25=0.4

Q: . Approximate the probability of fewer than 350 errors in a month. 2. Approximate a value so that…

A: Phoenix water is provided to approximately 1.4 million people who are served through more than…

Q: Suppose the passing grade for a certain true-false quiz, with 10 questions is 80% with each question…

Q: Suppose you were asked to calculate the probability that the price is greater than or equal to…

A: Given: Suppose you were asked to calculate the probability that the price is greater than or equal…

Q: Suppose you are reviewing your cell phone bill on Friday and you notice you go over your data limit…

Q: Suppose you receive a bouquet of flowers that contains 7 red roses, 12 white daisies, 2 yellow…

A: The first step in solving this problem is to determine the total number of flowers in the bouquet.…

Q: Suppose it is certain that an earthquake will occur someday. What is the probability (to the nearest…

A: Given that there are 365 days in a year. So (365×24)=8760 hours in a year. I am at school 4…

Q: Suppose the commuting time from North Bay to Barrie varies uniformly from 135 min to 180 min. What…

A: GivenA random variable x~Uniform(135,180)f(x)=1180-135f(x)=145 ; 135≤x≤180and cumulative…

Q: y-sixth person in line will get a coupon for a free box of popcorn at the movies, what is the…

A: To find: The probability of not getting coupon when in line.

Q: 3. Which best describes correct rounding for probability problems? Round to 3 or more decimal…

A: Basic concepts of probability are used.

Q: In a certain city district, the need for money to buy drugs is stated as the reason for 36% of all…

A: It is given that n=5 and p=0.36.

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 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: expected value

A: Let X be the random variable representing the number of policies sold by the salesperson. The…

Q: 4. Calculate the probability that the price is greater than $2.75.

A: 4. Let the random variable X is defined as the gas price which follows normal distribution with mean…

Q: Standard and Poor's is a financial services company, that, among other things, gives credit ratings…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

Topic Video

Question

Q8. Sweetwater & Associates write
weekend trip insurance at a very nominal
charge. Records show that the probability
that a motorist will have an accident during
the weekend and file a claim is 0.0005.
Suppose they wrote 400 policies for the
coming weekend, what is the probability
that exactly 4 claims will be filed?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Discrete Probability Distributions$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Suppose the probability of an IRs audit is 4.2 percent for U.S taxpayers who file form 1040 and who earned 100,000 or more. what are the odds that such taxpayer will be audited? what are the odds against such taxpayer being audited?
Given that every ninth person in line will get a coupon for a free box of popcorn at the movies, what is the probability that you don’t get a coupon when you’re in line? Enter a fraction or round your answer to 44 decimal places, if necessary.
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 0.07.• 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 2 tornadoes in a 13-year period. Round your answer to 4 decimals.
solve the following
Suppose that on the average, 77 students enrolled in a small liberal arts college have their automobiles stolen during the semester. What is the probability that exactly 11 student will have his automobile stolen during the current semester? Round your answer to four decimal places.
Find the probability that the total number of breakdowns that occur in a particular 4-week period is exactly 10, giving the answer to 4 decimal places.
1. be a probability? Can the value
A friend flips a coin 20 times and says that the probability of getting a head is 40% because he got eight heads . Is the friend referring to an empirical or a theoretical probability?
Suppose a charitable organization decides to raise money by raffling a trip worth $500. If 3,000 tickets are sold at $1.00 each, find the expected net winnings for a person who buys 1 ticket.
Suppose that the probability that a child living in an urban area in the United States is obese is 20%. If a social worker sees 15 children living in urban areas, what is the probability that 5 are obese? Enter response as .xxxx
es The Internal Revenue Service is studying the category of charitable contributions. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 25 returns, five had charitable contributions of more than $1,000. Four of these returns are selected for a comprehensive audit. a. The hypergeometric distribution is appropriate because it is Osampling a small population without replacement. O sampling a small population with replacement. O sampling a large population without replacement. b. What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.) Probability
Suppose a charitable organization decides to raise money by raffling a trip worth $500. If 3000 tickets are sold at $1.00 each, find the expected payback for a person who buys 1 ticket