1. An auditor for Health Maintenance Services of Georgia reports 40% of policyho

1. An auditor for Health Maintenance Services of Georgia reports 40% of policyholders 55 years or older submit a claim during the year. Fifteen policyholders are randomly selected for company records. a. How many of the policyholders would you expect to have filed a claim within the last year? b. What is the probability that 10 of the selected policyholders submitted a claim last year? c. What is the probability that 10 or more of the selected policyholders submitted a claim last year? d. What is the probability that more than 10 of the selected policyholders submitted a claim last year? 2. Refer to the Baseball 2012 data. Compute the mean number of home runs per game. To do this first find the mean number of home runs per team for 2012. Next, divide this value by 162 (a season comprises 162 games). Then multiply by 2 because there are two teams in each game. Use the Poisson distribution to estimate the number of home runs that will be hit in a game. Find the probability that: a. There are no home runs in a game. b. There are two home runs in a game. c. There are at least four home runs in a game. 3.Management at Gordon Electronics is considering adopting a bonus system to increase production. One suggestion is to pay a bonus on the highest 5% of production based on past experience. Past records indicate weekly production follows the normal distribution. The mean of this distribution is 4,000 units per week and the standard deviation is 60 units per week. If the bonus is paid on the upper 5% of production, the bonus will be paid on how many units or more? 4. Best Electronics Inc. offers a โ€œno hassleโ€ returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.3 per day and the standard deviation is 2.25 per day. a. In what percent of the days are there eight or fewer customers returning items? b. In what percent of the days are between 12 and 14 customers returning items? c. Is there any chance of a day with no returns? 56. A recent news report indicated that 20% of all employees 5. a. Refer to the maintenance cost variable. The mean maintenance cost for last year is $450.29, with a standard deviation of $53.69. Estimate the number of buses with a cost of more than $500. Compare that with the actual number. b. Refer to the variable on the number of miles driven. The mean is 830.11 and the standard deviation is 42.19 miles. Estimate the number of buses traveling more than 900 miles. Compare that number with the actual value.