The average time between major claims at Secure Future Insurance is 2 2 weeks If the time between claims has an exponential distribution, a What is the average number of claims per day b What is the standard deviation (in days) of the exponential distribution here c How likely is it that the time u...

a The average time between claims of 22 weeks means t ...

The average time between major claims at Secure Future Insurance is 2.2 weeks. If the time between

Question:

The average time between major claims at Secure Future Insurance is 2.2 weeks. If the time between claims has an exponential
a. What is the average number of claims per day?
b. What is the standard deviation (in days) of the exponential here?
c. How likely is it that the time until the next major claim is fled is more than 20 days? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...