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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Elementary Probability For Applications

ISBN: 9780521867566

1st Edition

Authors: Rick Durrett

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Question Posted: Jan 12, 2024 04:00 AM

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An insurance company has 10,000 automobile policy holders. The expected yearly claim per policy holder is $240

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The mean is 10 000 240 24 million the s...View the full answer

Elementary Probability For Applications

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