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6 In a population, 10% drivers are considered low risk driver and 90% are high risk driver. The number of insurance clai
Posted: Wed May 11, 2022 8:35 pm
by answerhappygod
- 6 In A Population 10 Drivers Are Considered Low Risk Driver And 90 Are High Risk Driver The Number Of Insurance Clai 1 (37.11 KiB) Viewed 21 times
6 In a population, 10% drivers are considered low risk driver and 90% are high risk driver. The number of insurance claims made by a driver in a calendar year is Poisson distributed with mean 0 and is independent of the number of claims by the individual in the previous year. For low risk drivers, 0 = 0.1, while for high risk drivers 0 = 0.6. Calculate (a) the expected number of claims made in year 2019 by a customer; [5 marks] (b) the probability that a customer who made exactly one claim in year 2019 is in high risk group. [10 marks]