This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A small life insurance company has determined that on the average it receives 5 death claims per ... (Read 133 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 24, 2018
A small life insurance company has determined that on the average it receives 5 death
  claims per day. Find the probability that the company receives at least seven death
  claims on a randomly selected day.
 
  What will be an ideal response?

Question 2

The mean of a data set is at the 50 th percentile.
 
  A) True B) False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 24, 2018
Answer to Question 1

Let x = the number of death claims received per day.
Then x is a Poisson random variable with  = 5.
P(x  7 ) = 1 - P(x

Answer to Question 2

B


nautica902

  • Member
  • Posts: 591
Reply 2 on: Jun 24, 2018
Wow, this really help

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Eugène Delacroix, Study for The Death of Sardanapalus. Eugène Delacroix, Study for The Death of Sardanapalus.
Ten Leading Causes of Death in the United States, 2010. Ten Leading Causes of Death in the United States, 2010.
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Pharmaceutical Company Representatives Pharmaceutical Company Representatives
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
The Scale of the Very Small and Very Large: Powers of 10 The Scale of the Very Small and Very Large: Powers of 10
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library