An insurance company found that 25% of all insurance policies are terminated before their maturity date....

 

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An insurance company found that 25% of all insurance policies are terminated before their maturity date. Assume that 15 polices are randomly selected from the company's policy database a) What is the probability that more than 8 but less than 11 policies are terminated before maturing? b) What is the probability that at least 14 policies are not terminated before maturity? (2) (2) QUESTION 4 (4] A short term insurance company receives five motor vehicle claims, on average, per day. Assume that the daily claims follow a Poisson process. a) What is the probability that more than one motor vehicle claim is received over any given period of two working days? b) What is the probability that more than 6 but less than 9 motor vehicle claims will be received in any given day? (2) (2) An insurance company found that 25% of all insurance policies are terminated before their maturity date. Assume that 15 polices are randomly selected from the company's policy database a) What is the probability that more than 8 but less than 11 policies are terminated before maturing? b) What is the probability that at least 14 policies are not terminated before maturity? (2) (2) QUESTION 4 (4] A short term insurance company receives five motor vehicle claims, on average, per day. Assume that the daily claims follow a Poisson process. a) What is the probability that more than one motor vehicle claim is received over any given period of two working days? b) What is the probability that more than 6 but less than 9 motor vehicle claims will be received in any given day? (2) (2)