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An insurance company discovered that three policy-holders out of every 1,000 insured against a particular kind...

An insurance company discovered that three policy-holders out of every 1,000 insured against a particular kind of accident file a claim every year. Suppose that the company has 2,000 persons who are insured against that kind of accident. Find the probability that (a) during a given year at least four will file the claim (b) no more than 10 will file the claim (c) between five to eight (inclusive) will file the claim (d) fewer than two will file the claim (e) More than two will file the claim

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Answer #1

Probability of claim holders

Probability of non-claim holders

total number of persons insured n=2000

(A) probability that atleast four will file the claim

we have

(B) probability that no more than 10 will file the claim

(C) probability that between 5 and 8 will file the claim


(D) probability that between fewer than 2 will file the claim


(e) probability that between more than 2 will file the claim


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