Question

A short term insurance company recieves three motor vechicle claims, on average, per day. Assume that the daily claims follow a Poisson process.
a) what is the probability that more than four but less than eight motor vehicle claims will be recieved on any given day?
b) what is the probability that more than two motor vehicle claim is recieved over any given period of three working days?

Answer 1

Answer:

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