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A. Option A
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A. Application
B. Enterprise
C. Express
D. Standard
Answer: D
NEW QUESTION: 2
Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly two claims will be filed?
A. 0.2500
B. None of these answers
C. 0.8187
D. 0.0001
E. 0.0164
Answer: E
Explanation:
Explanation/Reference:
Explanation:
This is a binomial probability. The probability of getting r successes out of n trials where the probability of success each trial is p and probability of failure each trial is q (where q = 1-p) is given by: n!(p
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NEW QUESTION: 3
(n-r)]/r!
A. Option A
B. Option C
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NEW QUESTION: 3
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NEW QUESTION: 3
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NEW QUESTION: 3
A. Option A
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A. Option A
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NEW QUESTION: 3
A. Option A
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NEW QUESTION: 3
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NEW QUESTION: 3
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NEW QUESTION: 3
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NEW QUESTION: 3
A. Option A
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NEW QUESTION: 3
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