Insurance policy to cover accidents


A company takes out insurance policy to cover accidents which take place at its manufacturing plant. The probability that one or more accidents will take place throughout any given month is 0.60. The numbers of accidents which take place in different months are mutually independent.

Compute the probability that there will be at least four months in which no accidents take place before the fourth month in which at least one accident takes place.

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Basic Statistics: Insurance policy to cover accidents
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