Global insurance has found that 20% (1 in 5) of all insurance policies are surrendered (cashed in) before their maturity date. Assume that 10 policies are randomly selected from the policies data base What is the probability that: Atleast 2 out of the 10 randomly selected policies will be surrendered before their maturity date?
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Let the numbers of insurance policies surrendered (cashed in) before their maturity date:
Given