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An insurer uses the Poisson distribution with mean of 4 as the model for the number of claims per month on a particular policy. Each claim results in a payment of 1 by the insurer. Find the probability that the total payment by the insurer in a given month is less than one standard deviation above the mean monthly payment.
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An insurer uses the Poisson distribution with mean of 4 as the model for the number of claims per mo...
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