A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
Problem 15CR
icon
Related questions
Question
A large life office has n policyholders, each with a probability of 0.01 of dying during
the next year (independently of all other policyholders).
Calculate the approximate probability that there will be between 9 and 16 (both
inclusive) deaths during the year, when :
(i)
n = 400
(ii) n = 300
Transcribed Image Text:A large life office has n policyholders, each with a probability of 0.01 of dying during the next year (independently of all other policyholders). Calculate the approximate probability that there will be between 9 and 16 (both inclusive) deaths during the year, when : (i) n = 400 (ii) n = 300
Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning