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RAYINDASKY
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Homework Statement
An insurer uses the Poisson distribution with mean 4 as the model for the number
of warranty claims per month on a particular product. Each warranty claim results
in a payment of 2 by the insurer. Find the probability that the total payment by
the insurer in a given month is less than two standard deviations above the average
monthly payment.
Homework Equations
The Attempt at a Solution
So, mean = 4
Standard deviation = 2
x=2
Will I use the density function to solve this?