In a given year we insure 18 million vehicles. During that same time we had 1,368,0000 claims. What is the claim frequency? 74% 7.6% 7.4% 76%

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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In a given year we insure 18 million vehicles. During that same time we had 1,368,0000 claims.
What is the claim frequency?
74%
7.6%
7.4%
76%
Transcribed Image Text:In a given year we insure 18 million vehicles. During that same time we had 1,368,0000 claims. What is the claim frequency? 74% 7.6% 7.4% 76%
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