Homework Help: Math

Posted by Roxy on Wednesday, March 16, 2011 at 10:49am.

Let Pn=0,1,2....be the probability that an automobile policyholder will file for n claims in a five-year period. The Actuary involved make the assumption that Pn+1=(1/4)Pn. What is the probability that the holder will file two or more claims during this period?

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