If an insurance company has 10000 policies, and each has 0.1 probabili – InterviewSolution

1.	If an insurance company has 10000 policies, and each has 0.1 probability of making a claim, what is the standard deviation of the fraction of policies which result in a claim?
Answer» Answer:0.003Step-by-step EXPLANATION:Since each of the policy have the same chance of SUCCESS, then it follows a binomial distribution (only TWO outcome; success or FAILURE).α = √(p(1-p)/n) = √ (0.1 ( 1-0.1)/ 10000) = √ 0.000009 = 0.003where p = 0.1, α = STANDARD deviationRead more on Brainly.com - https://brainly.com/question/14472910#readmore

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