Consider a pool of auto insurance policies such that all policies provide coverage for at least one car, 25% of policies cover more than one car, 25% of policies cover a sports car, and 15% of policies that cover multiple cars also cover a sports car. Calculate the probability that a random policy covers exactly one car which is not a sports car.
Consider a pool of auto insurance policies such that all policies provide coverage for at least one car, 25% of policies cover more than one car, 25% of policies cover a sports car, and 15% of policies that cover multiple cars also cover a sports car. Calculate the probability that a random policy covers exactly one car which is not a sports car.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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
Transcribed Image Text:Consider a pool of auto insurance policies
such that all policies provide coverage for at
least one car, 25% of policies cover more than
one car, 25% of policies cover a sports car, and
15% of policies that cover multiple cars also
cover a sports car. Calculate the probability
that a random policy covers exactly one car
which is not a sports car.
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