2. An actuary studied the likelihood that different types of drivers would be involved in at least one collision during any one-year period. The results of the study are presented below. Probability of at least one Туре of driver Percentage of all drivers collision Teen 16% 8% 0.15 Young adult Midlife 0.08 45% 0.04 Senior 31% 0.05
2. An actuary studied the likelihood that different types of drivers would be involved in at least one collision during any one-year period. The results of the study are presented below. Probability of at least one Туре of driver Percentage of all drivers collision Teen 16% 8% 0.15 Young adult Midlife 0.08 45% 0.04 Senior 31% 0.05
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:2. An actuary studied the likelihood that different types of drivers
would be involved in at least one collision during any one-year
period. The results of the study are presented below.
Probability
of at least one
collision
Туре of
driver
Percentage of
all drivers
Teen
16%
0.15
Young adult
Midlife
8%
0.08
45%
0.04
Senior
31%
0.05
Given that a driver has been involved in at least one collision in the past
year, what is the probability that the driver is a young Senior driver?
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