A Small Life Insurance Company Has Determined That on the Average

question 125

Essay

A small life insurance company has determined that on the average it receives 5 death claims per day. Find the probability that the company receives at least seven death claims on a randomly selected day.

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Definitions:

Behavior Modification

A systematic approach to changing behavior through the application of the principles of conditioning.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Cognitive Science

An interdisciplinary field that studies the mind and its processes, including how people think, learn, remember, and perceive.

Control of Antecedents

Strategies or techniques aimed at managing or altering environmental or internal factors that precede and trigger a specific behavior.