According to recent estimates by the Insurance Corporation of British Columbia (ICBC), 20 percent of all auto insurance claims in BC are fraudulent. Suppose that this estimate is correct, (a) If 10...


According to recent estimates by the Insurance Corporation of British Columbia

(ICBC), 20 percent of all auto insurance claims in BC are fraudulent. Suppose that this

estimate is correct,

(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



Jun 03, 2022
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