. An actuary studying the insurance preferences of automobile owners makes the following con- clusions: • An automobile

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An Actuary Studying The Insurance Preferences Of Automobile Owners Makes The Following Con Clusions An Automobile 1 (277.56 KiB) Viewed 57 times

. An actuary studying the insurance preferences of automobile owners makes the following con- clusions: • An automobile owner is twice as likely to purchase collision coverage as disability coverage. • The event that an automobile owner purchases collision coverage is independent of the event that the owner purchases disability coverage. • The probability that an automobile owner purchases both collision and disability coverage is 0.15. What is the probability that an owner purchases neither collision nor disability coverage?