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Suppose That the Amount of Time It Takes to Process

Question 44

Essay

Suppose that the amount of time it takes to process insurance claims is normally distributed with a mean of 12 weeks and a variance of 9 weeks.What is the probability that the next claim will be processed within
a.10 weeks?
b.11 weeks?
c.12 weeks?
d.23 weeks?

Correct Answer:

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a.Probability of processing the next cla...

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