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 139 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

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Fossils Give Us a View of Past Life Fossils Give Us a View of Past Life
Dimensions of quality of life affected by cancer Dimensions of quality of life affected by cancer
jellyfish life cycle jellyfish life cycle
How to solve a half life problem involving exponential models (Question 1) How to solve a half life problem involving exponential models (Question 1)
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Audiology

For a complete list of videos, visit our video library