Q No 10 Suppo se that an insurance compa ny classifies people into one of three cla sses-good risks, average risks, a nd bad ris ks. Their rec ords indica te that the proba bilities that good, avera ge, and bad risk persons will be involved in an aee ident over a l-year span are, respectively, 05, 15, and 30. If 20 perc ent of the population are good risks," 50 percent are a verage ris kn," and 30 perc ent are "bad risks," what proportion of people have accidents in a fixed yeur? If polic y holder A had no accidents in 1987, what is the probability that he or she is a good (average) risk?

Q No 10 Suppo se that an insurance compa ny classifies people into one of three cla sses-good risks, average risks, a nd bad ris ks. Their rec ords indica te that the proba bilities that good, avera ge, and bad risk persons will be involved in an aee ident over a l-year span are, respectively, 05, 15, and 30. If 20 perc ent of the population are good risks," 50 percent are a verage ris kn," and 30 perc ent are "bad risks," what proportion of people have accidents in a fixed yeur? If polic y holder A had no accidents in 1987, what is the probability that he or she is a good (average) risk?

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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