Question
Suppose an insurance firm has three groups of insured people who have claim distribution of the form: 3000 of claims follow a N(u =
Suppose an insurance firm has three groups of insured people who have claim distribution of the form: 3000 of claims follow a N(u = 110,, o = 100) distribution , 2500 of claims folow a N(u = 120,, o = 200) distributions and 4500. of claims folow a N(u = 130, o = 300) i) What is the probability that a random claim will exceed $6,000? ii) Use CLT to caleulate the probability that a random claim will exceed $10,000. [100 S = 200 -0 -0 300
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OM operations management
Authors: David Alan Collier, James R. Evans
5th edition
1285451376, 978-1285451374
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