What assumptions need to be made so that the number of questionable insurance claims referred to investigators by Miami- Dade, Broward, and Palm Beach counties is distributed as a Poisson random variable?
Exercise 1.
The National Insurance Crime Bureau says that Miami- Dade, Broward, and palm
Beach counties account for a substantial number of questionable insurance claims
referred to investigators. Assume that the number of questionable insurance claims
referred to investigators by Miami-Dade, Broward, and Palm Beach counties is
distributed as a Poisson random variable with a mean of 10 per day.
Questions:
1. What assumptions need to be made so that the number of questionable insurance claims referred to investigators by Miami- Dade, Broward, and Palm Beach counties is distributed as a Poisson random variable?
Making the assumptions given in (1), what is the probability that:
2. 5 questionable insurance claims will be referred to investigators by Miami-Dade,
Broward, and Palm Beach counties in a day?
3. 10 or fewer questionable insurance claims will be referred to investigators by
Miami-Dade, Broward, and Palm Beach counties in a day?
4. 11 or more questionable insurance claims will be referred to investigators by
Miami-Dade, Broward, and Palm Beach counties in a day?
