Determine probability of amount of total claims

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Reference no: EM13109839

Claims arrive at random times to the insurance company. Daily amount of claims is normally distributed with mean $1570 and standard deviation $450. Total claims on different days each have distribution and they are probabilistically independent of one another. Round the probabilities to 3 decimal points. a) Determine the probability that amount of total claims over period of 100 days is at least $150,000.

Reference no: EM13109839

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