Question 1 An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes
Question 2 An insurance company has discovered that only about 0.1% of the population is involved in a certain type of accident each year. If its 10000 policy holders were randomly selected from the population, what is the probability that not more than 5 of its clients are involved in such an accident next year?
Question 3 Briefly explain Markov chains