Discuss the below:
Q: An auditor for an insurance company in Alberta reports 40 percent of the policyholders 55 years or older submit a claim during the year. 15 policyholders are randomly selected for company records
a) How many of the policyholders would you expect to have a filed a claim within the last year?
b) What is the probability that 10 of the selected policyholders submitted a claim last year?
c) What is the probability that 10 or more of the selected policyholders submitted a claim last year?
d) What is the probability that less than six of the selected policyholders submitted a claim last year?