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July 29, 2015

Homework Help: Statistics

Posted by Anonymous on Tuesday, November 8, 2011 at 12:06am.

(a) If 10 auto insurance claims are taken at random, use the binomial distribution to determine the probability that:
(i) at least 6 claims are fraudulent
(ii) at most 3 claims are fraudulent
(iii) anywhere between 5 and 8 (inclusive) claims are fraudulent
(iv) at least 1 claim is fraudulent

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