An insurance policy-holder can submit up to 5 claims. The probablity that the policyholder subm...
58 views · Published 12 October 2018 · 4:36 · Indexed 28 September 2026
Channel: Doubtnut · 2018 · Education
To ask Unlimited Maths doubts download Doubtnut from - https://goo.gl/9WZjCW An insurance policy-holder can submit up to 5 claims. The probablity that the policyholder submits exactly n claims is `p_n`, for n = 0, 1, 2, 3, 4,5. It is known that (a) The difference between `p_n and p_(n+1)` is constant for n = 0, 1, 2, 3, 4, and (b) 40% of the policyholders submit 0 or 1 claim. What is the probability that a policy-holder submits 4 or 5 claims? (A) 0.06 (B) 0.19 (C) 0.26 (D) 0.34
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