ABy Admin
Jun 01'22

Exercise

A large portfolio of travel insurance policies contains policies with three different deductible levels: 50% have a deductible of $200, 25% have a deductible of $400 and 25% have a deductible of $600. Ten policies are randomly chosen from the portfolio of policies two of which have a deductible of $600. Determine the probability that more than six of the policies chosen have a deductible of $400.

  1. 0
  2. 0.0351
  3. 0.1951
  4. 0.225
  5. 0.2351
ABy Admin
Jun 01'22

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