Essay
An automobile insurance company is in the process of reviewing its policies.Currently drivers under the age of 25 have to pay a premium.The company is considering increasing the value of the premium charged to drivers under 25.According to company records,35% of the insured drivers are under the age of 25.The company records also show that 280 of the 700 insured drivers under the age of 25 had been involved in at least one automobile accident.On the other hand,only 130 of the 1300 insured drivers 25 years or older had been involved in at least one automobile accident.
-What is the probability that an insured driver of any age will be involved in an accident?
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The quality control manager for the
Q5: The _ criterion for choosing among alternative
Q6: When making a decision in an environment
Q7: When we assess the worth of sample
Q9: The quality control manager for the
Q10: A tire manufacturer needs to make a
Q11: Maximin is a criterion used when making
Q28: The maximax criterion finds the worst possible
Q105: The alternatives 1 and 2 in
Q130: The alternatives 1 and 2 in