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Tom [10]
3 years ago
7

Five people buy individual insurance policies. According to the research, the probability of each of these people not filing a c

laim for at least 5 years is 2/3.
The probability that all 5 have not filed a claim after 5 years is A: 0.132 B: 0.868 C: 1 , and the probability that exactly 3 will have filed a claim after 5 years is A: 0.016 B: 0.033 C: 0.067 .
Mathematics
2 answers:
prohojiy [21]3 years ago
7 0

The first part is .132 and the second is .033

Arlecino [84]3 years ago
3 0
P(no claim after 5 years) = (2/3)^5 =  0.132
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Please, help me on this question, guys! I know the answer for (a) so I'll write down, too. For (b) I tried "$89,000 because that
Alexeev081 [22]
Let x be a random variable representing the price of a Congo-imported black diamond. Let the higher price be p. Then,
P(x < p) = P(x < (p - mean)/sd) = P(x < (p - 60,430)/21,958.08) = P(z < 2)
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Therefore, The required price is $104,346.16
7 0
3 years ago
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