An insurance company divides its customers into 2 groups. twenty percent of customersare in the high-risk group, and eighty percent are in the low-risk group. the high-riskcustomers make an average of 1 accident per year while the low-risk customers make anaverage of 0.1 accidents per year. eric had no accidents last year. what is the probabilitythat he is a high-risk driver?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An insurance company divides its customers into 2 groups. twenty percent of customersare in the high-risk group, and eighty percent are in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements is true? Select one: A. The quick ratio is a more restrictive measure of a firm's liquidity than the current ratio. B.
Answers (1)
Technology has increased access to news and information, allowing almost instantaneous news coverage of an event. how does this negatively affect the presentation of news?
Answers (1)
If many banks fail, this is likely to: A) increase the ratio of currency to deposits. B) decrease the ratio of currency to deposits. C) have no effect on the ratio of currency to deposits.
Answers (1)
Your company has money to invest in an employee benefit plan and you have been chosen to be the plan's trustee.
Answers (1)
First Community Bank spent a considerable amount of money updating its lobby with plush sofas, a large-screen television, and a refreshment counter with popcorn and soft drinks. However, very few customers spend time in the lobby.
Answers (1)
New Questions in Business
During the trial phase of Soft Drink Soda Corporation's suit against TimeOut Convenience Stores, Inc., their attorneys engage in voir dire. This is: the determination of the issues to be argued.
Answers (1)
John d rockefeller built his own oil empire by creating
Answers (1)
Describe how stocks are traded
Answers (1)
Olga buys a bag of potato chips every day after her economics class. The first potato chip always tastes wonderful. The second does not taste quite as good as the first. The third does not taste quite as good as the second.
Answers (1)
Merrythought is a business that makes teddy bears, located in Ironbridge, Shropshire, in the United Kingdom. The business was founded years ago by Gordon Holmes.
Answers (1)