Question

An insurance company needs to assess the risks associated with providing hurricane insurance. During the 22 years from 1990 through 2011, Florida was hit by 27 major hurricanes (level 3 and above). If hurricanes are independent and the mean has not changed, what is the probability of having a year in Florida with each of the following?
a) No hits?
b) Exactly 1 hit?
c) More than 1 hit?


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  • CreatedMay 14, 2015
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