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(a) Automobile warranty claims for engine amount failure in a Troppo Malo 2000 SE are rare at a certain dealership, occurring at a mean rate of 0.1...
(a) Automobile warranty claims for engine amount failure in a Troppo Malo 2000 SE are rare at a certain dealership, occurring at a mean rate of 0.1 claim per month.
i) Find the probability of not more than 1 claim in second half of the year
ii) Find the probability of at least 2 claims in a year.
iii) If the dealer will suffer loss of $100 for every claim, find the expected loss in ten years.