Claims arrive at random times to an insurance company. The daily amount of claims is normally distributed
Question:
a. Find the probability that the amount of total claims over a period of 100 days is at least $150,000.
b. If the company receives premiums totaling $165,000, find the probability that the company will net at least $10,000 for the 100-day period.
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Related Book For
Data Analysis And Decision Making
ISBN: 415
4th Edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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