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ABy Admin
Jun 01'22
Exercise
The probability function for the claim frequency is given below
[[math]]
\operatorname{P}(N = k ) = \binom{5}{k}0.3^k 0.7^{5-k}.
[[/math]]
What is the probability that the claim frequency will lie within one standard deviation of the mean of the claim frequency distribution?
- 0.1631
- 0.4694
- 0.6231
- 0.6689
- 0.8011