If 100 policies are solds what is the approximate

Reference no: EM13622586

The total claim amount for a health insurance policy follows a distribution with density function f(x) = (1/1000)e^(-x/1000) for x > 0. The premium for the policy is set at 100 over the expected total claim amount. If 100 policies are solds, what is the approximate probability that the insurance company will have claims exceeding the premiums collected?

Reference no: EM13622586

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