An insurance company's records of 12,299 automobile insurance policies showed that 2073 policy holders made a claim (Courtesy J. Hickman). Among insured drivers under age 25, there were 1032 claims out of 5192 policies. For person selected at random from the policy holders, let A = [Claim was filed] and B: [Under age 25] . Use Bayes' Theorem to obtain the probability that the person is under age 25 given that a claim was filed. Answer in three decimal places.

An insurance company's records of 12,299 automobile insurance policies showed that 2073 policy holders made a claim (Courtesy J. Hickman). Among insured drivers under age 25, there were 1032 claims out of 5192 policies. For person selected at random from the policy holders, let A = [Claim was filed] and B: [Under age 25] . Use Bayes' Theorem to obtain the probability that the person is under age 25 given that a claim was filed. Answer in three decimal places.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter14: Computational Engineering Tools Electronic Spreadsheets

Section: Chapter Questions

Problem 33P

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