Explore BrainMass

Explore BrainMass


    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Brain cancer is a rare disease. In any year there are about 3.1 cases per 100000 od population. Suppose a small medical insurance company has 150000 people on its books. How many claims stemming from brain cancer should the company expect in any year?

    What is the probability of getting more than 6 claims related to brain cancer in a year?

    © BrainMass Inc. brainmass.com May 24, 2023, 1:02 pm ad1c9bdddf

    Solution Preview

    Prob of having brain cancer = .0031 ( 3.1%)
    Number of people on books = ...

    Solution Summary

    The probability of brain cancer claims are discussed. How many claims are stemming from brain cancer an insurance company should expect in any year are given.