Out of 100 customers from this insurance company find out

Assignment Help Basic Statistics
Reference no: EM13618504

There is 20% chance that a customer of one vehicle insurance company will file accident claims within the insurance period. Assume that customers from this insurance company are independent to each other regarding claims.

a) Out of 100 customers from this insurance company, find out the mean and variance of the total number of customers that file accident claims

b) Find the probability that exactly 3 customers will file accident claims within their insurance periods for 20 customers recently insured;

c) Find the probability that at least 2 customers and at most 5 customers will file accident claims within their insurance periods for 20 customers recently insured;

d) Find the probability that at least 2 customers will file accident claims within their insurance periods for 20 customers recently insured;

e) Find the probability that more than 2 customers but less than 5 customers will file accident claims within their insurance periods for 20 customers recently insured;

Reference no: EM13618504

Questions Cloud

Bennett enterprises has a beta of 110 the real risk-free : bennett enterprises has a beta of 1.10 the real risk-free rate r is 2.00 investors expect a 3.00 future inflation rate
A couple borrows 200000 for a mortgage that requires fixed : a couple borrows 200000 for a mortgage that requires fixed monthly payments over 30 consecutive years. the first
A 10-cm-long wire is pulled along a u-shaped conducting : a 10-cm-long wire is pulled along a u-shaped conducting rail in a perpendicular magnetic field. the total resistance of
Write out the lp formulation math model for finding the : consider the following shortest-route problem involving six cities with the distances given.path distance1 to 2 31 to 3
Out of 100 customers from this insurance company find out : there is 20 chance that a customer of one vehicle insurance company will file accident claims within the insurance
The sun is 14x109 meters in diameter and it is 15x1011 : the sun is 1.4x109 meters in diameter and it is 1.5x1011 meters from earth. a pinhole in the leaf of a tree forms an
A firm has an interval measure of 48 this means that the : 1. an increase in current liabilites will have which one of the following effects all else held constant? assume all
You are assigned to prepare a report on how fast the : the company you work for and you love this job and want to keep it needs reliable information on the speed of its
The piston is now moved by decreasing the weights on the : 0.12 kg of argon fills a 0.038 m3 weight-piston-cylinder device at 445 kpa. the piston is now moved by decreasing the

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assume that a procedure yields a binomial distribution with

assume that a procedure yields a binomial distribution with a trial repeated n times. use the binomial probabilities

  Percentage of people who exercise in california is greater

A researcher hypothesizes that individuals who listen to classical music will score differently from the general population on a test of spatial ability. On a standardized test of spatial ability, µ =58.A random sample of 14 individuals who l..

  Criticizing the managers credit plan

Find the probability that a customer with 2 or more late payments will actually default on his payments and, in light of this probability, criticize the manager's credit plan.

  Hypothesis testing of mean-waiting time for lunch

A fast food chain restaurant chain claims that lunch will be served within nine minutes of placing your order, or it is free. A sample of eight customers revealed the following waiting times in minutes:

  Ho and ha standardized tests

An environmental agency recently claimed more than 28% of consumers have stopped buying a certain product because of environmental concerns.

  Probability distribution finite the mean-standard deviation

From the given probability distribution finite the mean and standard deviation.

  Question regarding testing

The U.S. Bureau of Prisons publishes data in Statistics Report on the times served by prisoners released from federal institutions for the first time.

  Analyze to show significant change from baseline

Analyze whether or not patients undergoing this treatment are illustrating significant change from baseline to 3 months afterward. Report a p-value.

  Identifications by random guess

If the voice identifications were made by random guess, find the probability that all 9 victims would select the same person?

  Null hypothesis or an alternative hypothesis

If not what would be a better testing strategy? Could you form a Null Hypothesis or an Alternative Hypothesis? If yes, what would they be.

  Finding and interpreting coefficients of correlation

Find out and interpret coefficients of correlation and determination for U. S. prices versus Canadian prices.

  Describe association of smoking each a lung cancer

The proportion who died from coronary heart disease was .00669 for smokers and .00413 for nonsmokers. Describe the association of smoking each alung cancer.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd