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In: Statistics and Probability

according to insurance recordas a car with a certain protectionsystem will be recovered 88% of...

according to insurance recordas a car with a certain protection system will be recovered 88% of the time. If 300 stolen cars are randomly selected, what is the mean and stardard deviation of the number of cara recovered afeter stolen?


Solutions

Expert Solution

Let X be the number of cars recovered after getting stolen. Then

X ~ Binomial(300,0.88)

The population mean is computed as:

and the population standard deviation is computed as:

orchestra answered 2 years ago
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