Claims come into an insurance company at the rate of 2 per day according to a Poisson process. In a given 5 days week i.
Posted: Wed Dec 15, 2021 10:38 am
Claims come into an insurance company at the rate of 2 per day
according to a Poisson process. In a given 5 days week
i. the probability of 2 claims every day (5 marks) ii. the
probability of no claims on exactly 2 of the 5 days (7 marks)
according to a Poisson process. In a given 5 days week
i. the probability of 2 claims every day (5 marks) ii. the
probability of no claims on exactly 2 of the 5 days (7 marks)