Question

1 point Number Help A doctor knows 62% of all her patients are late for their appointments. Given 8 randomly selected patients, what is the approximate probability that exactly 4 of them are late for their appointments? (Please answer to 4 decimal places). Number - Question 8 1 point An insurance company issues a policy on a camping trailer under the following conditions: The replacement cost ($17,000) will be paid for a total loss. If it is not a total loss, but 1.1 the damage is more than $8,000, then $5,200 will be paid. Nothing will be paid for damage costing $8,000 or less and of course nothing is paid out if there is no damage. The company estimates the probability of the first three events as 0.01, 0.08, and 0.4 respectively. The amount the company should charge if it wishes to make a profit of $100 above the expected amount paid out in a year is: $891 $445 $788 $686

thank you asap please

Answer 1

Expected Amount paid = (0.01x17000) + (0.08x5200) - 586 $586 G expected amount paid by the insurance company i $100 poo fit would mean - 8586 + $100 to - $686 → of tom D 0 Clate ) = 0.62 = 8 Let x be number of patients that are late bllowes binomial distribution no 8. , To find P(x=4) P(x=4) -"cept que Pepzny > P(x =4) = 8,60-62)" (0.38)* = 0.21567