An insurance company insures 200,000 autos. The probability of an accident over the next year for each auto is 0.33%. For that group of autos, what is the probability of more than 700 accidents in the next year? In other words what is the probability of 701 or more? Use the Poisson approximation to the binomial.

An insurance company insures 200,000 autos. The probability of an accident over the next year for each auto is 0.33%. For that group of autos, what is the probability of more than 700 accidents in the next year? In other words what is the probability of 701 or more? Use the Poisson approximation to the binomial.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...

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