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a. An auditor reports that 40% of policyholders submitted a claim during the year. 15 policy holders are randomly selected for company records. i. ii.

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a. An auditor reports that 40% of policyholders submitted a claim during the year. 15 policy holders are randomly selected for company records. i. ii. iv. How many of the policy holders would you expect to have filled a claim within the last year? (3 marks) What is the probability that 10 of the selected policy holders submitted a claim last year? (3 marks) What is the probability that 10 or more of the selected policy holders submitted a claim last year? (5 marks) What is the probability that more than 10 of the selected policyholders submitted a claim last year? (2 marks)

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