Question: 52. In analyzing a large data set, a life insurance company estimated the probability that a person in the 70-80 years of age group dies

52. In analyzing a large data set, a life insurance company estimated the probability that a person in the 70-80 years of age group dies due to natural causes in any given year Review Practice Problems 163 as 0.000002. If the company has 500,000 insurers in that age group, determine the probability that due to death from natural causes, the company will have to pay off during any given year:

(a) At least three claims.

(b) No more than four claims.

(c) Between three and five (inclusive) claims.

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