Risky drivers: An automobile insurance company divides customers into three categories: good risks, medium risks, and poor risks. Assume that of a total of 11,116 customers, 7702 are good risks, 2471 are medium risks, and 943 are poor risks. As part of an audit, one customer is chosen at random. Round your answers to four decimal places if necessary. Part: 0 / 2 Part 1 of 2 (a) What is the probability that the customer is a good risk? The probability that the customer is a good risk is.
Risky drivers: An automobile insurance company divides customers into three categories: good risks, medium risks, and poor risks. Assume that of a total of 11,116 customers, 7702 are good risks, 2471 are medium risks, and 943 are poor risks. As part of an audit, one customer is chosen at random. Round your answers to four decimal places if necessary. Part: 0 / 2 Part 1 of 2 (a) What is the probability that the customer is a good risk? The probability that the customer is a good risk is.
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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![**Risky Drivers: Probability Analysis**
An automobile insurance company categorizes its customers into three risk levels: good, medium, and poor. Out of a total of 11,116 customers, there are 7,702 classified as good risks, 2,471 as medium risks, and 943 as poor risks. During an audit, a customer is selected at random. Calculate probabilities for the following scenarios and round answers to four decimal places if necessary.
**Part 1 of 2**
(a) What is the probability that the customer is a good risk?
The probability that the customer is a good risk is [ ].
**Part 2 of 2**
(b) What is the probability that the customer is not a poor risk?
The probability that the customer is not a poor risk is [ ].
---
The diagram includes a progress bar indicating completion from 0 to 2 parts. The first part is half completed, as shown in the progress visualization.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef811f3c-a18c-4ca7-8a3b-54c11242c39d%2F4858b4f3-69c3-4045-8925-ebd7193810a4%2Fy8q5y3n_processed.png&w=3840&q=75)
Transcribed Image Text:**Risky Drivers: Probability Analysis**
An automobile insurance company categorizes its customers into three risk levels: good, medium, and poor. Out of a total of 11,116 customers, there are 7,702 classified as good risks, 2,471 as medium risks, and 943 as poor risks. During an audit, a customer is selected at random. Calculate probabilities for the following scenarios and round answers to four decimal places if necessary.
**Part 1 of 2**
(a) What is the probability that the customer is a good risk?
The probability that the customer is a good risk is [ ].
**Part 2 of 2**
(b) What is the probability that the customer is not a poor risk?
The probability that the customer is not a poor risk is [ ].
---
The diagram includes a progress bar indicating completion from 0 to 2 parts. The first part is half completed, as shown in the progress visualization.
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