document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=629014>Question 629014</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An auditor of Health Maintenance Services of Georgia reports 40 percent of policyholders 55 years or older submit a claim during the year. Fifteen policyholders are randomly selected for company records. \r<BR>\n" );
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document.write( "A.	How many of the policy holders would you expect to have filed a claim within the last year? <BR>\n" );
document.write( "B.	What is the probability that 10 of the selected policyholders submitted a claim last year?<BR>\n" );
document.write( "C.	What is the probability that 10 or more of the selected policyholders submitted a claim last year?<BR>\n" );
document.write( "D.	What is the probability that more than 10 of the selected policyholders submitted a claim last year? <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #395974 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=395974\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An auditor of Health Maintenance Services of Georgia reports 40 percent of policyholders 55 years or older submit a claim during the year. Fifteen policyholders are randomly selected for company records. <BR>\n" );
document.write( "A. How many of the policy holders would you expect to have filed a claim within the last year?<BR>\n" );
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document.write( "expected value = np = 15*0.4 = 6<BR>\n" );
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document.write( "B. What is the probability that 10 of the selected policyholders submitted a claim last year?<BR>\n" );
document.write( "P(x = 10) = 15C10*0.4^10*0.6^5 = binompdf(15,0.4,10) = 0.0245<BR>\n" );
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document.write( "C. What is the probability that 10 or more of the selected policyholders submitted a claim last year?<BR>\n" );
document.write( "P(10<= x <= 15) = 1 - binomcdf(15,0.4,9) = 0.0338<BR>\n" );
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document.write( "D. What is the probability that more than 10 of the selected policyholders submitted a claim last year?<BR>\n" );
document.write( "P(11<= x <=15) = 1 - binomcdf(15,0.4,10) = 0.0093<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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