SOLUTION: An insurance company has 1000 polies of men of age 50. the company's estimate that the probability that a man of 50 dies within a year is 0.02. what is the expected number of claim
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Question 1020037: An insurance company has 1000 polies of men of age 50. the company's estimate that the probability that a man of 50 dies within a year is 0.02. what is the expected number of claims that the company can expect from its beneficiaries of these men within a year
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
0.02 times 1000
John
My calculator said it, I believe it, that settles it
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