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Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
Edition 6ISBN: 978-1111827021Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
Edition 6ISBN: 978-1111827021 Exercise 72
Insurance: Auto Stale Farm Insurance studies show that in Colorado, 55% of the auto insurance claims submitted for property damage are submitted by males under 25 years of age. Suppose 10 property damage claims involving automobiles are selected at random.
(a) Let r be the number of claims made by males under age 25. Make a histogram for the r -distribution probabilities.
(b) What is the probability that six or more claims are made by males under age 25
(c). What is the expected number of claims made by males under age 25 What is the standard deviation of the r -probability distribution
(a) Let r be the number of claims made by males under age 25. Make a histogram for the r -distribution probabilities.
(b) What is the probability that six or more claims are made by males under age 25
(c). What is the expected number of claims made by males under age 25 What is the standard deviation of the r -probability distribution
Explanation
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(a) Table: Binomial with n = 10; p = 0.5...
Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
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