Multiple Choice
An insurance company estimates that it should make an annual profit of $150 on each homeowner's policy written,with a standard deviation of $6700.If it writes 12,469 of these policies,what is the probability that the company will be profitable? Assume that policies are independent of each other and that the company's total profit follows a Normal model.
A) 0.977
B) 0.994
C) 0.989
D) 0.011
E) 0.006
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Hugh buys $8000 worth of stock in
Q2: A tennis player makes a successful first
Q3: People with O-negative blood are called "universal
Q4: At a furniture factory,tables must be
Q6: Consider a random variable,X,with Uniform density over
Q7: Miguel buys a large bottle and a
Q8: Your school's soccer team plays two
Q9: Given independent random variables with means
Q10: You roll a die 7 times and
Q11: The probability that a car will have