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August 9, 2021

Suppose you run an insurance company that processes claims at 100 regional o? ces aroundthe country. Weekly c

Business & Finance /Economics

Suppose you run an insurance company that processes claims at 100 regional o¢ ces aroundthe country. Weekly claims at the regional o¢ ces are independent of one another and followa distribution with= 1000and2= 22500. What is the probability that the companyexperiences more than 103,000 claims nationwide in a given week? (hint: Use the centrallimit theorem to get an approximation to the probability)

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