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The car insurance company believes that about 0.5% of drivers have an at-fault accident during a given year. Suppose the company insures 1355 drivers...
The car insurance company believes that about 0.5% of drivers have an at-fault accident during a given year. Suppose the company insures 1355 drivers in that city. a) What are the mean and standard deviation of the number who may have at-fault accidents? b) Can you describe the distribution of these accidents with a Normal model? Explain.