Mathematics
Mathematics, 22.09.2019 08:00, murokh

Let pn, n = 0,1, be the probability that an automobile policyholder will file for n claims in a five-year period. the actuary involved makes the assump- tion that pn+1 = (1/4)pn. what is the probability that the holder will file two or more claims during this period?

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Let pn, n = 0,1, be the probability that an automobile policyholder will file for n claims in a five...

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