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

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...
icon
Related questions
Topic Video
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
Transcribed Image Text: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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON