mreditor16
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For some reason, I'm struggling to wrap my head around this question. Would someone be able to help explain the provided solutions and/or provide their own solution which is easier to understand? Thanks in advance, all!
Questions:
The history of an individual’s claiming record is had he had 3 quarters with 2 claims, 2 quarters with 1 claim and 15 quarters without a claim.
a) What is the probability that the insured had first 15 quarters without a claim and then 5 quarters with at least one claim?
b) What is the probability that the insured had first 15 quarters without a claim and then 2 quarters with one claim and then 3 quarters with two claims?
Solutions:
a) Use combinations, n = 20, r = 5, number of ways choosing objects: 20C5 = 15504 ; thus, probability is 1 / 15504
b) Use multinomial, n = 20, r1 = 15, r2 = 3, r3 = 3, number of ways choosing objects = 20! / (15! 2! 3!) = 155040 ; thus, probability is 1 / 155040
Questions:
The history of an individual’s claiming record is had he had 3 quarters with 2 claims, 2 quarters with 1 claim and 15 quarters without a claim.
a) What is the probability that the insured had first 15 quarters without a claim and then 5 quarters with at least one claim?
b) What is the probability that the insured had first 15 quarters without a claim and then 2 quarters with one claim and then 3 quarters with two claims?
Solutions:
a) Use combinations, n = 20, r = 5, number of ways choosing objects: 20C5 = 15504 ; thus, probability is 1 / 15504
b) Use multinomial, n = 20, r1 = 15, r2 = 3, r3 = 3, number of ways choosing objects = 20! / (15! 2! 3!) = 155040 ; thus, probability is 1 / 155040