An insurance company has the following data on its customers: 80% of customers insure one car 10% of customers insure a motorcycle 5% of customers insure both one car and a motorcycle What is the probability a randomly selected customer will insure one car or a motorcycle?

An insurance company has the following data on its customers: 80% of customers insure one car 10% of customers insure a motorcycle 5% of customers insure both one car and a motorcycle What is the probability a randomly selected customer will insure one car or a motorcycle?

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Description: An insurance company has the following data on its customers:80% of customers insure one car10% of customers insure a motorcycle5% of customers insure both one car and a motorcycleWhat is the probability a randomly selected customer will insure one

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

An insurance company has the following data on its customers:
80% of customers insure one car
10% of customers insure a motorcycle
5% of customers insure both one car and a motorcycle
What is the probability a randomly selected customer will insure one car or a
motorcycle?
95%
O75%
70%
O 85%

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