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State Farm Insurance studies show that in Colorado, 55% of the auto insurance claims submitted for property damage were submitted by males under 25 years
State Farm Insurance studies show that in Colorado, 55% of the auto insurance claims submitted for property damage were submitted by males under 25 years of age. Suppose 8 property damage claims involving automobiles are selected at random.
(b) What is the probability that five or more claims are made by males under age 25? (Use 3 decimal places.)
(c) What is the expected number of claims made by males under age 25? What is the standard deviation of the r-probability distribution? (Round your standard deviation to two decimal places.)
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