What is the probability that during the next week

Assignment Help Mathematics
Reference no: EM13202242

A life insurance company has determined that each week an average of seven claims is filed in its Nashville branch.

a. What is the probability that during the next week exactly seven claims will be filed?
b. What is the probability that during the next week no claims will be filed?
c. What is the probability that during the next week fewer than four claims will be filed?
d. What is the probability that during the next week at least seventeen claims will be filed?

 

Reference no: EM13202242

Questions Cloud

Calculate the firms short run supply curve with q : Suppose there are 100 indentical firms in the perfectly competitive notecard industry. Each firm has a short run total cost curve of the form STC= 1/300 q3 +?0.2q?^2+4q+10 and marginal cost is given by SMC = .01q^2 + .4q + 4
Find the probability that a shipment will be accepted : If 1.8% of the cartridges produced by Starr is defective, find the probability that a shipment will be accepted. (Round your answer to four decimal places.)
How many possible seating arrangements are there : seating capacity of six is to be used by six employees who have formed a car pool. If only four of these employees can drive, how many possible seating arrangements are there for the group?
How much rent should be charged to maximize revenue : how much rent should be charged to maximize revenue?
What is the probability that during the next week : A life insurance company has determined that each week an average of seven claims is filed in its Nashville branch.
What prices should be charged for each kind of membership : Mapleville Tennis & Golf Club offers golf and tennis memberships to the residents of Mapleville. Market research has found there are two types of families living in the city: 120 golf-oriented families and 100 tennis-oriented families.
Find the values of a and b for the curve : Find the values of a and b for the curve
Explain how about if you are a franchised dealer : A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.
What rent should the manager charge to maximize revenue : Similarly, one additional unit will be occupied for each 5 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Reviews

Write a Review

Mathematics Questions & Answers

  Find test the hypothesis that the proportion of consumer

At α =.05 and .10, test the hypothesis that the proportion of Consumer (CON) industry companies winter quarter profit growth is more than 2% greater than the proportion of Banking (BKG) companies winter quarter profit growth, given that p CON=.20,..

  What does best rental charge per day and per mile

Best Rentals charges a daily fee plus mileage fee for renting its cars. Barney was charged $105 for three days and 300 miles, while Mary was charged $193 for 5 days and 600 miles. What does Best Rental charge per day and per mile?

  Find the length of the two legs

The length of one leg of a right triangle is twice the length of the second leg. The hypotenuse is 15 meters. Find the length of the two legs.

  State the solid bounded by the graphs of the equations

Use the Divergence Theorem to evaluate the following integral and find the outward flux of F through the surface of the solid bounded by the graphs of the equations.

  Statistics-percentages from groups

When the members of the Eye and I Photo Club discussed what type of film they had used during the past month, the following information was obtained; 77 used black and white film, 24 used only black and white, 65 used color, 18 used only color

  State systems of linear equations or algebra sets

Follow up with explaining how these systems of linear equations or algebra sets would be most applicable in personal or professional real-world situations. Give specific example.

  What is its orbital distance

You discover a planet orbiting a distant star that has about the same mass as the Sun. Your observations show that the planet orbits the star every 67 rm days . What is its orbital distance?

  Calculate the monthly break even volume for the company.

Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is USD 25,000, and its variable cost per pound of fertilizer is USD 0.15. Evergreen sells the fertilizer for USD 0.40 per pound. Calculate the monthly break even volum..

  Use the slopes to interpret any change in daily revenues

the following are the slopes of lines representing daily revenues y in term of time x in days. Use the slopes to interpret any change in daily revenues for a one-day increase in time.

  How many coins in all did she have

Carmela opened her piggy bank and found she had $15.30. If she had only nickels, dimes, quarters, and half-dollars and an equal number of coins of each kind, how many coins in all did she have?

  What is your average daily balance at the end of the month

What is your average daily balance at the end of the month on this card? Hint: You will need to research and find the cost of gas and food in order to solve this. Use the national average as of four months before the date Assignment is due. For in..

  Find the probability of black card

Drawing at least one black card when you draw a card from a standard deck 6 times, replacing the card each time you draw so that there are always 52 cards in the deck.

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