2. About 40% of all U.S. adults will try to pad their insurance claims. Suppose that you are the director of aninsurance adjustment office. Your office has just received 128 insurance claims to be processed in the next fewdays. What is the probability thata.half or more of the claims have been padded?odo she is dilisus ved line mobus les ads 0Sb. fewer than 45 of the claims have been padded?c. from 40 to 64 of the claims have been padded?2/16no traga Innesvalleb adi magsilt to nem

Denote:p as the probability of a claim being padded, which is 0.40 according to the given…

Answered: 2. About 40% of all U.S. adults will…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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It has been estimated that only about 25% of residents in Ventura County have adequate earthquake supplies. Suppose you randomly survey 5 residents in the County. Let X be the number of residents who have adequate earthquake supplies. Please show the following answers to 4 decimal places. a. What is the probability that exactly 2 residents who have adequate earthquake supplies in this survey? b. What is the probability that less than 2 residents who have adequate earthquake supplies in this survey? c. What is the probability that at most 2 residents who have adequate earthquake supplies in this survey? d. What is the probability that between 1 and 3 (including 1 and 3) residents who have adequate earthquake supplies in this survey?
Please answer question 17. Thank you!
According to a recent National survey of 200 High School students of driving age, 43 percent stated they text while driving at least once. Assume this percentage represents the true population proportion of High School student drivers who text while driving. Determine the probability that more than 53% High School students have texted while driving. a. 0.9979 b. none of these d. 0.0021 Oe.0.0286
2. The probability that a person has a negative side effect from a medication is .08.Suppose you treat 12 people. Assume they are independent.a. What is the probability that exactly 2 of them have a negative side effect?
es The Internal Revenue Service is studying the category of charitable contributions. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 25 returns, five had charitable contributions of more than $1,000. Four of these returns are selected for a comprehensive audit. a. The hypergeometric distribution is appropriate because it is Osampling a small population without replacement. O sampling a small population with replacement. O sampling a large population without replacement. b. What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.) Probability
A typical fuel tanker can carry up to 40,000 L of fuel and can be loaded in about 20 minutes. The shift supervisor comes to check on one of the tankers, not knowing how much time is left in the fill process. a. What is the probability that there is less than 5,000 L remaining? b. What is the probability that there is between 15,000 L and 25,000 L of fuel remaining? c. What volume of fuel would the shift supervisor expect the tanker to contain? L
Suppose that a screening test diagnoses 97% of sick people positive and 95% of healthy people negative. Assume that 7% of those screened are sick. If a screened person is chosen at random, then the probability of having a positive diagnosis is: O a. 0.0184 O b. 0.886 Oc. 0.406 O d. 0.594 O e. 0.114 Next p vity Jump to.. 2021
Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 20-year-old female for $370.The probability that the female survives the year is 0.999464. Compute and interpret the expected value of this policy to the insurance company.
A company prices its tornado insurance using the following assumptions: • In any calendar year, there can be at most one tornado. • In any calendar year, the probability of a tornado is 0.13. • The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year. Using the company's assumptions, calculate the probability that there are fewer than 3 tornadoes in a 25- year period. Round your answer to 4 decimals. Show your work. Show what you entered into your calculator.
Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 20-year-old female for$240. The probability that the female survives the year is 0.999463. Compute and interpret the expected value of this policy to the insurance company.
Suppose a life insurance company sells a $280,000 one-year term life insurance policy to a 24-year-old female for $180. The probability that the female survives the year is 0.999522. Compute and interpret the expected value of this policy to the insurance company.
A company prices its tornado insurance using the following assumptions: • In any calendar year, there can be at most one tornado. • In any calendar year, the probability of a tornado is 0.15. • The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year. Using the companys assumptions, calculate the probability that there are fewer than 3 tornadoes in a 15-year period. Round your answer to 4 decimals. Show your work. Show what you entered into your calculator.

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