A car insurance company divide their policy holders into two categories: more-risky and less-risky drivers. The more-risky drivers account for 25% of the total number of drivers insured by the company. The probabilities that a more-risky and a less-risky driver will file a claim within a year are 0.36 and 0.08, respectively. Answer the following questions: 1. What is the probability that any one of the company’s policy holders will file the claim within a given year?
A car insurance company divide their policy holders into two categories: more-risky and less-risky drivers. The more-risky drivers account for 25% of the total number of drivers insured by the company. The probabilities that a more-risky and a less-risky driver will file a claim within a year are 0.36 and 0.08, respectively. Answer the following questions: 1. What is the probability that any one of the company’s policy holders will file the claim within a given year?
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A car insurance company divide their policy holders into two categories: more-risky and less-risky drivers. The more-risky drivers account for 25% of the total number of drivers insured by the company. The probabilities that a more-risky and a less-risky driver will file a claim within a year are 0.36 and 0.08, respectively. Answer the following questions:
| 1. |
What is the probability that any one of the company’s policy holders will file the claim within a given year?
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