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Business, 16.03.2020 21:05 MrJonezy4529

In a study of medical insurance the variance of the number of claims per individual policy is 7.59 and the number of claims is geometrically distributed. You are considering removing one medical procedure from the coverage under this policy. Based on historical studies, this procedure accounts for approximately 10% of the claims and is independent of the other medical procedures. Determine the new frequency distribution.

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