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    RISHAB NANGIA
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    The document discusses rolling dice and recording the sums, which will approximate the probability distribution shown on the next slide over an infinite number of trials. It also provides data on the number of insurance policies sold at different sum assured amounts and asks to calculate several probabilities based on this data, such as the probability of the sum assured being less than Rs. 1 lakh or greater than Rs. 2.5 lakh.

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    2. Probability

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    The document discusses rolling dice and recording the sums, which will approximate the probability distribution shown on the next slide over an infinite number of trials. It also provides data on the number of insurance policies sold at different sum assured amounts and asks to calculate several probabilities based on this data, such as the probability of the sum assured being less than Rs. 1 lakh or greater than Rs. 2.5 lakh.

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    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
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    Download as ppsx, pdf, or txt
    8 views34 pages

    Probability

    Uploaded by

    RISHAB NANGIA
    The document discusses rolling dice and recording the sums, which will approximate the probability distribution shown on the next slide over an infinite number of trials. It also provides data on the number of insurance policies sold at different sum assured amounts and asks to calculate several probabilities based on this data, such as the probability of the sum assured being less than Rs. 1 lakh or greater than Rs. 2.5 lakh.

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppsx, pdf, or txt
    of 34

    BY CA SWATI GUPTA

    • For example, it is certain that the


    sun will rise tomorrow.

    • For example, it is impossible you


    could breathe and be under water
    at the same time without using a
    tube or mask.
    ROLLING DICE: PROBABILITY
    DISTRIBUTION

    If you roll a pair of dice (2 DICES) and record the sum for each
    trial, after an infinite number of times, your distribution will
    approximate the probability distribution on the next slide.
    The records of an insurance company are as given below

    “Sum Assured No. of Policies sold


    50,000 25
    1,00,000 85
    2,50,000 45
    5,00,000 25
    Greater than 5 lacs 20

    a) Find the probability of the sum assured being less than one lakh
    b) Find the probability of the sum assured being greater than 2.5 lakh
    c) Find the probability of the sum assured being greater than 5 lakh
    d) Find the probability of the sum assured being less than 5 lakh

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