Multiple Choice
An insurance company is issuing 16 car insurance policies. Suppose the probability for a claim during a year is 15 percent. If the binomial probability distribution is applicable, then the probability that there will be at least two claims during the year is equal to:
A) .5615
B) .2775
C) .7161
D) .0388
Correct Answer:
Verified
Correct Answer:
Verified
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