QUESTION 4 [4] A short term insurance company receives five motor vehicle claims, on average, per...
QUESTION 4 [4]
A short term insurance company receives five motor vehicle claims, on average, per day. Assume that the daily claims follow a Poisson process.
a) What is the probability that more than one motor vehicle claim is received over any given period of two working days? (2)
b) What is the probability that more than 6 but less than 9 motor vehicle claims will be received in any given day? (2)
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QUESTION 4 [4]
A short term insurance company receives five motor vehicle
claims, on average, per...
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