The Rich and The Famous Insurance Company specializes in ins

The Rich and The Famous Insurance Company specializes in insurance converge for luxury items such as yachts or expensive sports cars. Consider 4 random variables: C_1, C_2, C_3, and C_4, where C_i is the number of claims made in the i-th quarter. Evidence suggests that for any n(n 0) number of claims. P(C_i = n) = /2^n + 1. Calculate the probability that the first quarter claims will not exceed 5.

Solution

5)

P = 1/3

6)

I can gladly help you but you should post it in a new question