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Mathematics, 04.08.2021 03:00 tallen21
Individual claim sizes may be modeled by a uniform distribution function on the interval [$1000, $5000]. Eighty claims are examined. Assume claims are independent.
What is the approximate probability that total claims will be between $250,000 and $300,000?
a) 17%
b) 34%
c) 50%
d) 84%
e) 97%
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Answers: 3
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Individual claim sizes may be modeled by a uniform distribution function on the interval [$1000, $50...
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