An accident insurance company has reserves to cover claims on no more than 3 accidents. If all accidents have a...
ellahronnAn accident insurance company has reserves to cover claims on no more than 3 accidents. If all accidents
have a probability of 0.01 of occurring, if all accidents are independent, and if the insurance company
writes 100 policies, what is the probability that they will not have enough reserves?
9 years ago
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