An insurance company has 10,000 automobile policy holders. The expected yearly claim per policy holder is $240
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An insurance company has 10,000 automobile policy holders. The expected yearly claim per policy holder is $240 with a standard deviation of $800.
Approximate the probability that the yearly claim exceeds $2.7 million.
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The mean is 10 000 240 24 million the s...View the full answer
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