Question

A company prices its tornado insurance using the following assumptions: • The probability of a year with tornado(s) is 0.1 . • Each year is independent of any other calendar year. Using the company's assumptions, calculate the probability that there are fewer than 4 years with tornadoes in a 21-year period. P(fewer than 4 years with tornadoes in a 21-year period) = Express your answer as a decimal accurate to at least 6 decimal places (give every digit your calculator can give you).

          A company prices its tornado insurance using the following assumptions:

• The probability of a year with tornado(s) is 0.1 .
• Each year is independent of any other calendar year.

Using the company's assumptions, calculate the probability that there are *fewer* than 4 years with tornadoes in a 21-year period.

P(*fewer* than 4 years with tornadoes in a 21-year period) =

Express your answer as a decimal accurate to at least 6 decimal places (give every digit your calculator can give you).

A company prices its tornado insurance using the following assumptions:

• The probability of a year with tornado(s) is 0.1 .
• Each year is independent of any other calendar year.

Using the company's assumptions, calculate the probability that there are *fewer* than 4 years with tornadoes in a 21-year period.

P(*fewer* than 4 years with tornadoes in a 21-year period) =

Express your answer as a decimal accurate to at least 6 decimal places (give every digit your calculator can give you).

Added by Rich D.

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