The number of hours a candidate studies for an actuarial exam is exponentially distributed with mean 150. Two hundred candidates are randomly selected. Approximate the probability that the total number of hours studied by these 200 candidates excoed 31,000. 0.32 0.36 0.49

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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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The number of hours a candidate studies for an actuarial exam is exponentially distributed with mean 150. Two hundred candidates are
randomly selected.
Approximate the probability that the total number of hours studied by these 200 candidates exceed 31,000.
0.32
B.
0.36
0.49
Transcribed Image Text:The number of hours a candidate studies for an actuarial exam is exponentially distributed with mean 150. Two hundred candidates are randomly selected. Approximate the probability that the total number of hours studied by these 200 candidates exceed 31,000. 0.32 B. 0.36 0.49
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