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%

Answers: 3

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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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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%