An Insurance Company Has Determined That Each Week an Average

question 48

Short Answer

An insurance company has determined that each week an average of nine claims are filed in their Atlanta branch. What is the probability that during the next week
a.exactly seven claims will be filed?
b.no claims will be filed?
c.less than four claims will be filed?
d.at least eighteen claims will be filed?

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Definitions:

Philanthropy

The desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.

Rich

Having a great amount of wealth or resources; possessing more than enough material goods or money.

Benefit Society

An organization that provides support and assistance, often in the form of insurance or financial aid, to its members.

Unskilled Labor

Unskilled labor refers to work that requires no specific training or skills, often involving manual tasks.