Mathematics, 18.06.2021 02:00, sarah5557
Claims are reported to a car insurance company according to a Poisson process with an average of 5 claims per day. The USD amount of each claim follows an exponential distribution with mean $2,000. Suppose that all claims and the total number of reported claims are independent of each other. (a) Compute the expected total sum of claims (i. e., the total USD amount) after one week. (b) Find the probability that more than one claim with claim size $10,000 or higher will be reported to the insurance company within one week.
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Mathematics, 21.06.2019 16:20, tmantooth7018
The lengths of nails produced in a factory are normally distributed with a mean of 4.91 centimeters and a standard deviation of 0.05 centimeters. find the two lengths that separate the top 4% and the bottom 4%. these lengths could serve as limits used to identify which nails should be rejected. round your answer to the nearest hundredth, if necessary.
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