Mathematics, 27.11.2019 00:31, dfbernalloboguerrero
An automobile insurance company divides customers into three categories, good risks, medium risks, and poor risks. assume taht 70% of the customers are good risks, 20% are medium risks, and 10% are poor risks. assume that during the course of a year, a good risk customer has probability 0.005 of filing an accident claim, a medium risk customer has a probability of 0.01, and a poor risk customer has probability 0.025. a customer is chosen at random.
a) what is the probability that the customer is a good risk and has filed a claim?
b) what is the probability that the customer has filed a claim?
c) given that the customer has filed a claim, what is the probability that the customer is a good risk?
Answers: 2
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An automobile insurance company divides customers into three categories, good risks, medium risks, a...
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