An insurance company insures drivers of all ages. An actuary compiled the following statistics on the company's insured
Posted: Thu Feb 17, 2022 11:02 am
company insures drivers of all ages. An actuary compiled the following statistics on the company's insured drivers: Age of Driver 16-20 21-30 31-65 66-99 Probability of an Accident 0.06 0.03 0.02 0.04 Portion of Company's Insured Drivers 0.08 0.15 0.49 0.28 A randomly selected driver that the company insures has an accident. Calculate the probability that the driver was 16-20.
An insurance