Gizmo
09-21-2005, 02:09 AM
It would be greatly appreciated if I could get some help with the following question.
The probability of incurring an insurance claim loss of <$10000 in each of the following years is:
Year Probability
1993 0.9591
1994 0.9623
1995 0.9412
1996 0.9302
1997 0.9268
1998 0.9137
1999 0.9372
2000 0.9327
2001 0.9296
What is the probability in any year that a loss will be less than $10000?
The probability of incurring an insurance claim loss of <$10000 in each of the following years is:
Year Probability
1993 0.9591
1994 0.9623
1995 0.9412
1996 0.9302
1997 0.9268
1998 0.9137
1999 0.9372
2000 0.9327
2001 0.9296
What is the probability in any year that a loss will be less than $10000?