document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=844230>Question 844230</A>: <I><SPAN STYLE=\"word-break: break-all;\"> According to automobile accident statistics, one out of every six accidents results in an insurance claim of $100 or less in property damage. Three cars insured by an insurance company are involved in different accidents. Consider these two events:\r<BR>\n" );
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document.write( "A: The majority of claims exceed $100.<BR>\n" );
document.write( "B: Exactly two claims are $100 or less. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #508641 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=508641\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  According to automobile accident statistics, one out of every six accidents results in an insurance claim of $100 or less in property damage. Three cars insured by an insurance company are involved in different accidents. Consider these two events:<BR>\n" );
document.write( "Binomial Problems with n = 3 and P(<= $100) = 1/6 ; P(> $100) = 5/6<BR>\n" );
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document.write( "A: The majority of claims exceed $100.<BR>\n" );
document.write( "P(2<= x <=3) = 1 - P(0<= x <=1) = 1 - binomcdf(3,5/6,1) = 0.2160<BR>\n" );
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document.write( "B: Exactly two claims are $100 or less.<BR>\n" );
document.write( "P(x = 2) = 3C2*(1/6)^2(5/6) = binompdf(3,1/6,2) = 0.0694<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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