Mathematics, 21.02.2020 02:59, fara26

An insurance company determines that N, the number of claims received in a week, is a random variable with P(N=n) =1/(2^(n+1)) , where n\geq0. the company also determines that the number of claims received in a given week is independent of the numver of cliams received in any other week.

Determine the probability that exactly seven claims will be received during a given two-week period.

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An insurance company determines that N, the number of claims received in a week, is a random variabl...