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Probability that at least eight will not be terminated

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Reference no: EM132527699

An insurance company found that 35% of all insurance policies are terminated before their maturity date. Assume that ten polices are randomly selected from the company's policy database. Out of the ten randomly selected policies;

a) What is the probability that at least eight will not be terminated?

b) What is the probability that more than three but less than seven policies will be terminated?

Reference no: EM132527699

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