crisely
crisely
26.10.2019 • 
Mathematics

Hmsa has introduced a policy that covers certain forms of long-term medical care with a standard payment of $100,000. the yearly premium for the policy is $25. on average, 100 claims per year lead to payment. there are more than one million policyholders. what is the probability that more than 15 million dollars will have to be paid out in the space of a year?

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