An Insurance Company has issued policies to one lac people for a premium of Rs 500 per person. In the event of casuality, the probability of which is assumed to be0.001, the companypays Rs 2 lacsper casuality. What is the probability that (a) Company will suffer a loss (b)The company will make a profit of at least Rs 25 million
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The escape velocity for a rocket on the earth is 11.2km/sec. Its value on a planet where acceleration due to gravity is twice that on the earth and the diameter of the planet is twice that of the earth, will be (in km/sec):
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