SOLUTION: A short-term insurance company receives 4 claims, on average, per day. What is the probability that over any two day period , at least 2 claims will be received?
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Question 391769: A short-term insurance company receives 4 claims, on average, per day. What is the probability that over any two day period , at least 2 claims will be received?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
We use the Poisson distribution, with parameter (8 claims for 2 days!).
, to 3 decimal places.
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