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In: Statistics and Probability

A fire insurance company has 3,840 policyholders. The probability that a policyholder files at least one...

A fire insurance company has 3,840 policyholders. The probability that a policyholder files at least one claim in a given year is 1/1,200. Approximate the probability that more than 6 policyholders file at least one claim in a given year.

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