# 3. (8.6) You are given: Claims are reported at a Poisson rate of 5...

## Transcribed Text

3. (8.6) You are given: Claims are reported at a Poisson rate of 5 per year. The probability that a claim will settle for less than \$100,000 is 0.9 What is the probability that no claim of \$100,000 or more is reported in the next three years?

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