In insurance sector, the customers are categorized as high risk level, medium risk level and low risk level. The probabilities related with high risk level is 0.1, 0.4 for medium risk and 0.5 for low risk level. In one year period a person from low risk level will have an accident with a probability of 0.1, a person from medium risk level will have an accident with a probability of 0.2, a person from high risk level will have an accident with a probability of 0.35. If a person didn't have accident in that year, calculate the probability that a person is from low risk level? Seçtiğiniz cevabın işaretlendiğini görene kadar bekleyiniz. Soruyu boş bırakmak isterseniz işaretlediğiniz seçeneğe tekrar tıklayınız. 15,00 Puan A. 0,45 0.303 0.05 0.539 amak için buraya yazın

In insurance sector, the customers are categorized as high risk level, medium risk level and low risk level. The probabilities related with high risk level is 0.1, 0.4 for medium risk and 0.5 for low risk level. In one year period a person from low risk level will have an accident with a probability of 0.1, a person from medium risk level will have an accident with a probability of 0.2, a person from high risk level will have an accident with a probability of 0.35. If a person didn't have accident in that year, calculate the probability that a person is from low risk level? Seçtiğiniz cevabın işaretlendiğini görene kadar bekleyiniz. Soruyu boş bırakmak isterseniz işaretlediğiniz seçeneğe tekrar tıklayınız. 15,00 Puan A. 0,45 0.303 0.05 0.539 amak için buraya yazın

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Description: In insurance sector, the customers are categorized as high risk level, medium risk level and low risk level.The probabilities related with high risk level is 0.1, 0.4 for medium risk and 0.5 for low risk level. In oneyear period a person from low ri

A First Course in Probability (10th Edition)

10th Edition

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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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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

In insurance sector, the customers are categorized as high risk level, medium risk level and low risk level.
The probabilities related with high risk level is 0.1, 0.4 for medium risk and 0.5 for low risk level. In one
year period a person from low risk level will have an accident with a probability of 0.1, a person from
medium risk level will have an accident with a probability of 0.2, a person from high risk level will have an
accident with a probability of 0.35. If a person didn't have accident in that year, calculate the probability
that a person is from low risk level?
Seçtiğiniz cevabın işaretlendiğini görene kadar bekleyiniz. Soruyu boş bırakmak isterseniz işaretlediğiniz seçeneğe tekrar tıklayınız.
15,00 Puan
A
0,45
B
0.303
0.05
0.539
Aramak için buraya yazın

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