State Farm Insurance studies show that in Colorado, 60% of the auto insurance claims submitted for property damage were submitted by males under 25 years of age. Suppose 10 property damage claims involving automobiles are selected at random. (b) What is the probability that five or more claims are made by males under age 25? (Use 3 decimal places.)
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.
State Farm Insurance studies show that in Colorado, 60% of the auto insurance claims submitted for property damage were submitted by males under 25 years of age. Suppose 10 property damage claims involving automobiles are selected at random.
(b) What is the
(b)
The random variable X is defined as the number of claims are made by males under age 25 which follows binomial distribution with sample size 10 and probability of success 0.60.
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