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Category > Management Posted 11 Jul 2017 My Price 11.00

different deductible level

An insurance company offers four different deductible level- none(N), low(L), medium(M), and high (H).

for its homeowner’s policyholders, and three different for its automobile policyholders. Given the

following random sample of policyholders.

Home

Auto

N

L

M

H

L

40

60

50

30

M

70

100

200

100

H

20

30

150

150

 

 

• What is the probability that the individual has a medium auto deductible and a high homeowner’s

deductible?

100

• What is the probability that the individual has a medium auto deductible ?

200

• What is the probability that the individual has a high homeowner’s deductible ?

150

 

• What is the probability that the individual is in the same category for both auto and homeowner’s deductibles?

60+200+150 = 410

 

• What is the probability that the individual is in two different categories?

1000-410 =590

 

IS IT RIGHT?

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Jul 2017 01:07 PM My Price 11.00

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