An insurance company has 10,000 automobile policyholders. The expected yearly claim per policyholder is $240, with a standard deviation of $800. Approximate the probability that the total yearly claim exceeds $2.7 million.
An insurance company has 10,000 automobile policyholders. The expected yearly claim per policyholder is $240, with a standard deviation of $800. Approximate the probability that the total yearly claim exceeds $2.7 million.