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?

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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

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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.

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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?

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