Question: What is the parameter representing the average rate of occurrence in the Poisson distribution? Question 14Answer a. E b. c. d. Find the probability that
What is the parameter representing the average rate of occurrence in the Poisson distribution? Question 14Answer a. E b. c. d. Find the probability that a life insurance company will have to pay at least two claims during a given year when insuring the lives of 5000 persons aged 42, with the probability that any 42-years old person will die in a given year being 0.001. Question 15Answer a. 0.001 b. 0.993219 c. 5 d. 5000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
