Five people buy individual insurance policies. According to the research, the probability of each of these people not filing a claim for at least 5 years is 2/3.

The probability that all 5 have not filed a claim after 5 years is A: 0.132 B: 0.868 C: 1, and the probability that exactly 3 will have filed a claim after 5 years is A: 0.016 B: 0.033 C: 0.067.

Question

Maddox Hamilton

17 October, 15:10

+1

Answers (2)

Know the Answer?

Eleanor Mcclure · Answer 1

The first part is. 132 and the second is. 033

Luci · Answer 2

P (no claim after 5 years) = (2/3) ^5 = 0.132