All employees of a certain company have medical coverage, 30% have deluxe coverage, 60% have standard coverage and 10% have economy coverage. From recorded data, the probability that an employee with deluxe coverage will submit no claims during the year is 0.1, with the corresponding figures for standard and economy being 0.4 and 0.7 respectively. (a) What is the probability that a randomly selected employee of the com- pany will submit no claims during the year? (b) If the selected company submits no claims during the year, what is the probability that the employee has deluxe coverage? Standard coverage? Economy coverage?
All employees of a certain company have medical coverage, 30% have deluxe coverage, 60% have standard coverage and 10% have economy coverage. From recorded data, the probability that an employee with deluxe coverage will submit no claims during the year is 0.1, with the corresponding figures for standard and economy being 0.4 and 0.7 respectively. (a) What is the probability that a randomly selected employee of the com- pany will submit no claims during the year? (b) If the selected company submits no claims during the year, what is the probability that the employee has deluxe coverage? Standard coverage? Economy coverage?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:All employees of a certain company have medical coverage, 30% have deluxe
coverage, 60% have standard coverage and 10% have economy coverage. From
recorded data, the probability that an employee with deluxe coverage will
submit no claims during the year is 0.1, with the corresponding figures for
standard and economy being 0.4 and 0.7 respectively.
(a) What is the probability that a randomly selected employee of the com-
pany will submit no claims during the year?
(b) If the selected company submits no claims during the year, what is the
probability that the employee has deluxe coverage? Standard coverage?
Economy coverage?
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