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

 

 

• 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

 

Alpha Geek

(8)

Status NEW Posted 02 Aug 2017 02:08 PM My Price 7.00

Her-----------e f-----------or -----------fin-----------din-----------g t-----------he -----------var-----------iou-----------s p-----------rob-----------abi-----------lit-----------ies-----------,we----------- fi-----------rst----------- ne-----------ed -----------to -----------fin-----------d t-----------he -----------tot-----------al -----------num-----------ber----------- of----------- po-----------lic-----------yho-----------lde-----------rs -----------by -----------sim-----------ply----------- ad-----------din-----------g a-----------ll -----------the----------- nu-----------mbe-----------rs -----------in -----------the----------- ta-----------ble----------- N -----------= 4-----------0

Not Rated(0)

• Buy Answer