What is the cumulative probability of selling 4 tires? 
Definitions:
Insurance Company
A financial institution that provides a range of insurance policies to protect individuals and businesses against the risk of financial losses in return for premium payments.
Economic Loss
Financial damage suffered by a person or entity, often due to breach of contract, negligence, or external market factors.
Insurance
A contract whereby one party pays premiums to another party who undertakes to pay compensation for losses resulting from risks or perils specified in the contract.
Insured
A person or entity covered under an insurance policy, receiving protection against specified losses or damages in exchange for payment of a premium.
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