An insurance company has 25,000 automobile policy holders. If the yearly claim of a policy holder is
Question:
An insurance company has 25,000 automobile policy holders. If the yearly claim of a policy holder is a random variable with mean 320 and standard deviation 540, approximate the probability that the total yearly claim exceeds 8.3 million
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction To Probability And Statistics For Engineers And Scientists
ISBN: 9780125980579
3rd Edition
Authors: Sheldon M. Ross
Question Posted: