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Answer:
almost 0%
Step-by-step explanation:
Given that for an insurance company with 10000 automobile policy holders, the expected yearly claim per policyholder is $240 with a standard deaviation of 800
using normal approximation, the probability that the total yearly claim exceeds $2.7 million is calculated as follows:
Sea sumatoria de x = SUMX, tenemos que:
= P (z => 3.75)
= 1 - P ( z < 3.75)
P = 1 - 0.999912
P = 0.000088
Which means that the probability is almost 0%
