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Author Question: A small life insurance company has determined that on the average it receives 5 death claims per ... (Read 114 times)

nautica902

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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


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voltaire123

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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

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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