8 Au insurance company insures 200 houses The number of clai

8. Au insurance company insures 200 houses. The number of claims resulting from these policies follows a compound Poisson-Binomial distribution with lambda = 12. n = 8 and p = 0.001. The company\'s risk management division wants to ensure that the probability of receiving 2 or more claims should be at mast 0.001. How many houses can the company insure while satisfying this condition? (i) 2 (ii) 88 (iii) 147 (iv) 260

Solution

147 is correct answer