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 0.0010. Suppose they wrote600 policies for the coming weekend, what is the probability that exactly two claims will be filed?Multiple Choice0.54880,65000.09880 0006

Answered: Image /qna-images/answer/f4003282-0290-4ea3-a07a-41aac357a58f.jpg

Answered: Sweetwater & Associates write weekend…

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...

See similar textbooks

Similar questions

Determine whether the following value could be a probability. 0.9
If the probability that a professor correctly writes a slide is 0.80, what is the probability that at least 6 out of 8 slides are correct? Round your answer to two decimal places. Write your answer as a fraction not as a percentage (i.e. write as 0.38 not as 38%).
There is a 0.9984 probability that a randomly selected 28-year-old male lives through the year. A life insurance company charges $168 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Complete parts (a) through (c) below.
1. be a probability? Can the value
An insurance company issues a policy for a diamond ring worth $15,000 for an annual premium of $225.00. If the company figures the probability of the ring to be lost or damaged is 0.005, what is the company's expected profit? Round your answer to nearest cent. (e.g. $135.789 would enter as 135.79)
Richies insurance company offers a 250,000 life insurance policy for a premium of $750 per year. If the probability you live through the year is .9977 what is the expected value to the insurance company
A card is drawn from 52 playing cards. If the card drawn is a diamond card, what is the probability that it is a king card? (Express your answer in percent equivalent rounded off to the nearest hundredths)
A 6-sided die with sides numbered 1 through 6 is tossed. A penny is then tossed. If the penny comes up heads, the value of the die is multiplied by 2. Otherwise, the value of the die is left unchanged. What is the probability that the outcome is less than 6? Enter your answer as a decimal, rounded to the nearest thousandth, like this: 0.423
If the probability that an individual will suffer a bad reaction to a given vaccine is 0.19. Determine the probability that out of 3 individuals, at least two will suffer a bad reaction. [The answer should be a number rounded to five decimal places, don't use symbols such as %]
Suppose you roll a special 13-sided die. What is the probability that the number rolled is a "1" OR a "2"?
An insurance company sells a $20,000, seven-year term life insurance policy to an individual for $1,700. Find the expected return for the company if the probability the individual will live for the next seven years is 0.92. (Round your answer to the nearest cent.)$
An insurance company sells a $11,500, five-year term life insurance policy to an individual for $860. Find the expected return for the company if the probability the individual will live for the next five years is 0.96. (Round your answer to the nearest cent.)

SEE MORE QUESTIONS

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS