View Single Post
  #2  
Old 02-12-2018, 11:25 AM
Colymbosathon ecplecticos's Avatar
Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
Member
 
Join Date: Dec 2003
Posts: 5,911
Default

Suppose that you knew that there were (say) 10 claims and that the probability that any given claim was bigger than 200 was (say) 30%, how many claims bigger than 200 would you expect?

Now suppose that the number of claims is some random variable, N, ... take it from there.
__________________
"What do you mean I don't have the prerequisites for this class? I've failed it twice before!"


"I think that probably clarifies things pretty good by itself."
Reply With Quote
 
Page generated in 0.10969 seconds with 9 queries