Claims arrive at an insurance company according to a Poisson process {N(t) t 0} with

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Claims arrive at an insurance company according to a Poisson process {N(t) ∶

t ≥ 0} with rate ???? = 3 claims per day. The probability that there will be exactly one claim in a two-day period is e−6.

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Introduction To Probability Volume 2

ISBN: 9781118123331

1st Edition

Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis

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