Q No 10 Suppo se that an insurance compa ny classifies people into one of three cla sses-good risks, average risks, a nd bad ris ks. Their rec ords indica te that the proba bilities that good, avera ge, and bad risk persons will be involved in an aee ident over a l-year span are, respectively, 05, 15, and 30. If 20 perc ent of the population are good risks," 50 percent are a verage ris kn," and 30 perc ent are "bad risks," what proportion of people have accidents in a fixed yeur? If polic y holder A had no accidents in 1987, what is the probability that he or she is a good (average) risk?

Q No 10 Suppo se that an insurance compa ny classifies people into one of three cla sses-good risks, average risks, a nd bad ris ks. Their rec ords indica te that the proba bilities that good, avera ge, and bad risk persons will be involved in an aee ident over a l-year span are, respectively, 05, 15, and 30. If 20 perc ent of the population are good risks," 50 percent are a verage ris kn," and 30 perc ent are "bad risks," what proportion of people have accidents in a fixed yeur? If polic y holder A had no accidents in 1987, what is the probability that he or she is a good (average) risk?

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.2: Probability

Problem 3E: The conditional probability of E given that F occurs is P(EF)=___________. So in rolling a die the...

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