Suppose an individual having both types of policies is randomly selected. (a) What is the probability that the individual has a medium auto deductible and a high homeowner's deductible? (b) What is the probability that the individual has a low auto deductible? A low homeowner's deductible? auto deductible homeowner's deductible (c) What is the probability that the individual is in the same category for both auto and homeowner's deductibles?

Suppose an individual having both types of policies is randomly selected. (a) What is the probability that the individual has a medium auto deductible and a high homeowner's deductible? (b) What is the probability that the individual has a low auto deductible? A low homeowner's deductible? auto deductible homeowner's deductible (c) What is the probability that the individual is in the same category for both auto and homeowner's deductibles?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

2. A company makes a profit each month with probability .7. What is the probability that it makes a profit in exactly two of the next three months? Conditional probability: Yes No or
1. The probabilities associated with the expected principal source of payment for the hospitai discharges in the United States in the year 1990 are listed below. Principal source of payment | Probability Private insurance Medicare Medicaid Other Govt. Program Self-payment Other/no charge Not stated 0.387 0.345 0.116 0.033 0.058 0.028 0.033 Total 1.00 What is the probability that the principal source of payment for a given hospital discharge a. is the patient's private insurance. OY b. What is the probability that the principal source of payment is Medicare, Medicaid, or some other government program? c. Given that the principal source of payment is a Government program what is the probability that it is a Medicare.
A softball player's batting average is defined as the ratio of hits to at bats. Suppose that a player has a 0.250 batting average and is very consistent, so that the probability of a hit is the same every time she is at bat. During today's game, this player will be at bat exactly three times. (a) What is the probability that she ends up with two hits? (b) What is the probability that she ends up with no hits? (c) What is the probability that she ends up with exactly three hit? (d) What is the probability that she ends up with at most one hit?
27. See picture
Sam is applying for a single year life insurance policy worth $58,550.00 If the actuarial tables determine that she will survive the next year with probability 0.993, what is her expected value for the life insurance policy if the premium is $396.00?
The table below shows the results of a survey that asked 1062 adults from a certain country if they favored or opposed a tax to fund education A person is selected at random. Complete parts (a) through (c) Males Females Total Support 170 238 408 Oppose 326 296 622 Unsure 8 24 32 Total 504 558 1062
Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 60% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA exam until the first pass. (Assume the trials are independent.) (a) What is the probability that Cathy passes the CPA on the first try? (Use 2 decimal places.)(b) What is the probability that Cathy passes the CPA exam on the second or third try? (Use 4 decimal places.)
Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 81% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA exam until the first pass. (Assume the trials are independent.) (a) What is the probability that Cathy passes the CPA on the first try? (Use 2 decimal places.)(b) What is the probability that Cathy passes the CPA exam on the second or third try? (Use 4 decimal places.)
11. Find the probability of the indicated event if P(E) = 0.20 and P(F)= 0.35. Find P(E and F) if P(E or F)= 0.30 P(E and F) = (Simplify your answer.)
A retail store has implemented procedures aimed at reducing the number of bad checks cashed by its cashiers. The store's goal is to cash no more than eight bad checks per week. The average number of bad checks cashed is 2 per week. Let x denote the number of bad checks cashed per week. Assuming that x has a Poisson distribution: (a) Find the probability that the store's cashiers will not cash any bad checks in a particular week. (Round your answer to 4 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Probability (b) Find the probability that the store will meet its goal during a particular week. (Round your answer to 4 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Probability
Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 70% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA exam until the first pass. (Assume the trials are independent.) (a) What is the probability that Cathy passes the CPA on the first try? (Use 2 decimal places.) (b) What is the probability that Cathy passes the CPA exam on the second or third try? (Use 4 decimal places.)
19. The chance for precipitation (rain) in Washington, DC this weekend is about 40% everyday. (a) What is the probability that it will rain on Friday, Saturday, and Sunday? (b) What is the probability that there won't be any rain day this entire weekend.