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A large insurer of household goods has received a large number of claims from clients during the company's existence. The claim amounts follow an approximate
A large insurer of household goods has received a large number of claims from clients during the company's existence. The claim amounts follow an approximate Normal distribution with mean R47 500 and standard deviation R5 300. You can use the tables in INTROSTAT, without interpolation (round off to the closest z-value) OR Excel.
What is the probability a claim will be over R60 000?
Calculate the probability that a randomly selected claim will be between R45 500 and R50 000
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