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Probability Assignment | Professional Writing Services

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January 30th, 2020

(a) Automobile warranty claims for engine amount failure in a Troppo Malo 2000 SE are rare at a certain dealership, occurring at a mean rate of 0.1 claims per month.

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i) Find the probability of not more than 1 claim in the second half of the year

ii) Find the probability of at least 2 claims in a year.

iii) If the dealer will suffer a loss of $100 for every claim, find the expected loss in ten years.

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