an insurance company found that only 0.01% of the population is involved in a certain type of accident each year. if its 1000 policy holders were randomly selected. what is the probability that not more than two of its clients are involved - Engineering Mathematics https://discuss.codewithbishal.com/engineering-mathematics/an-insurance-company-found-that-only-0-01-of-the-population-is-involved-in-a-certain-type-of-accident-each-year-if-its-1000-policy-holders-were-randomly-selected-what-is-the-probability-that-not-mor/ Discuss Discussion Board en-US Sun, 10 May 2026 22:56:12 +0000 wpForo 60 Answer to: an insurance company found that only 0.01% of the population is involved in a certain type of accident each year. if its 1000 policy holders were randomly selected. what is the probability that not more than two of its clients are involved https://discuss.codewithbishal.com/engineering-mathematics/an-insurance-company-found-that-only-0-01-of-the-population-is-involved-in-a-certain-type-of-accident-each-year-if-its-1000-policy-holders-were-randomly-selected-what-is-the-probability-that-not-mor/#post-63 Thu, 23 Nov 2023 17:54:14 +0000 Advanced Engineering Mathematics (english, Paperback, H.k. Daas)

 

The problem can be solved using the Poisson distribution.

Here, n = 1000 (the number of policy holders) and p = 0.01% or 0.0001 (the probability of a policy holder being involved in an accident). So, lambda = 1000 * 0.0001 = 0.1.

Finally the Answer Will be 0.9048+0.0905+0.0045≈1

 

]]> Engineering Mathematics CodeWithBishal-admin https://discuss.codewithbishal.com/engineering-mathematics/an-insurance-company-found-that-only-0-01-of-the-population-is-involved-in-a-certain-type-of-accident-each-year-if-its-1000-policy-holders-were-randomly-selected-what-is-the-probability-that-not-mor/#post-63 an insurance company found that only 0.01% of the population is involved in a certain type of accident each year. if its 1000 policy holders were randomly selected. what is the probability that not more than two of its clients are involved https://discuss.codewithbishal.com/engineering-mathematics/an-insurance-company-found-that-only-0-01-of-the-population-is-involved-in-a-certain-type-of-accident-each-year-if-its-1000-policy-holders-were-randomly-selected-what-is-the-probability-that-not-mor/#post-62 Thu, 23 Nov 2023 17:49:10 +0000
an insurance company found that only 0.01% of the population is involved in a certain type of accident each year. if its 1000 policy holders were randomly selected. what is the probability that not more than two of its clients are involved in such an accident next year? (given e^-0.1=0.9048)
]]> Engineering Mathematics CodeWithBishal-admin https://discuss.codewithbishal.com/engineering-mathematics/an-insurance-company-found-that-only-0-01-of-the-population-is-involved-in-a-certain-type-of-accident-each-year-if-its-1000-policy-holders-were-randomly-selected-what-is-the-probability-that-not-mor/#post-62