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Question | The number of claims for each insured written by the Homogenous Insurance Company follows a Poisson random variable with a mean of 0.16.
Question | The number of claims for each insured written by the Homogenous Insurance Company follows a Poisson random variable with a mean of 0.16. The company has 100 independent insureds. Let p be the probability that the company has more than 12 claims and less than 20 claims. In what range does p fall? You may use the normal approximation with continuity correction. Possible Answers
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