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What is probability that the claim of an invidiual household

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Question 1: Parkline insurance company has 1000 home insurance policy holders. The average claim per householder is $2000 with Standard deviation $500. Assume claims are independent and identically distributed. Show your answer in RED font.

la. What is probability that the claim of an invidiual householder is between $1900 and $2100? (15)

1b. What is probability that the average of all claims is more than $2010?

Reference no: EM133633199

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