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 140 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
Excellent

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Small Pearl-bordered Fritillary Small Pearl-bordered Fritillary
The four stages of life expressed in five different primates. The four stages of life expressed in five different primates.
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Live is Life - Opus Live is Life - Opus
Determined the magnitude of the magnetic force on the conductor. Determined the magnitude of the magnetic force on the conductor.
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library