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 June 3, 2020, 4:57 pm ad1c9bdddf
Prob of having brain cancer = .0031 ( 3.1%)
Number of people on books = ...
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.