Solved: What is the expected number of claims that the company can, Mathematics

+44 141 628 6080
[email protected]

What is the expected number of claims that the company can

An insurance company has 1000 policies of men of age 50. The company's estimate is that the probability that a man of age 50 dies within one year is 0.02. What is the expected number of claims that the company can expect from the beneficiaries of these men within one year?

Solution Preview :

Prepared by a verified Expert

Mathematics: What is the expected number of claims that the company can

Reference No:- TGS02622459

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Mathematics

Q : A 10 of the time method b 40 of the time and method c 50 of

a student has three methods of solving a problem it takes him 1 hour to solve the problem using method a it takes him

Q : What is the expected time it takes the machine to perform

the time it takes a machine to perform an operation depends on the state it enters when the start button is pushed

Q : Define security control or safeguard list and briefly

problem1 define security control or safeguard2 list and briefly define the three broad classes of controls and the

Q : If a student is randomly selected from the class what is

a class has 20 students whose heights are as follows there are 4 students with a height of 55 feet there are 5 students

Q : What is the expected number of claims that the company can

an insurance company has 1000 policies of men of age 50 the companys estimate is that the probability that a man of age

Q : Suggest reasonable values for the items in the risk

problemas part of a formal risk assessment of the main file server in an it security consultancy firm you have

Q : Using the data provided in the accompanying financial

problem - margaret oflaherty a portfolio manager for mcf investments is considering investing in alpine chemical 7

Q : Describe reasonable values for the items in the risk

problemas part of a formal risk assessment of the external server in a small web design company you have identified the

Q : Explore reasonable values for the items in the risk

problemas part of a formal risk assessment of desktop systems in a small accounting firm with limited it support you

1940671

Questions
Asked

3,689

Active Tutors

1428492

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism