An Insurance Company Is Issuing 16 Car Insurance Policies

question 60

Multiple Choice

An insurance company is issuing 16 car insurance policies.Suppose the probability for a claim during a year is 15 percent.If the binomial probability distribution is applicable,then the probability that there will be at least two claims during the year is equal to

• A)0.5615
• B)0.2775
• C)0.7161
• D)0.0388

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