The cost of an automobile insurance policy depends on many factors, including marital status, where you live, credit score, age of the car, and driving history. Suppose that for some driver category, the probability distribution for the random variable Y, the amount (in dollars) of a collision deductible on a random automobile policy, is given in the table. y 100 200 500 1000 p(y) 0.05 0.11 0.21 0.25 0.38 What is the probability that a randomly selected policy has a $500 collision deductible? (Use decimal notation. Give your answer as an exact number.) probability:

The cost of an automobile insurance policy depends on many factors, including marital status, where you live, credit score, age of the car, and driving history. Suppose that for some driver category, the probability distribution for the random variable Y, the amount (in dollars) of a collision deductible on a random automobile policy, is given in the table. y 100 200 500 1000 p(y) 0.05 0.11 0.21 0.25 0.38 What is the probability that a randomly selected policy has a $500 collision deductible? (Use decimal notation. Give your answer as an exact number.) probability:

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 33E: Sick leave probability that a given worker at Dyno Nutrition Will call in sick on a Monday is 004....

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