Asked by Desperate student
An insurance company classifies drivers as low-risk, medium-risk and high-risk. Of those insured, 60% are low-risk, 30% are medium-risk and 10% are high-risk. After a study, the company finds that during a 1-year period, 1% of the low-risk drivers had an accident, 5% of the medium-risk drivers had an accident and 9% of the high-risk drivers had an accident.
If two drivers who had an accident during the 1-year period are selected, what is the probability that at least one of them has been classified as high-risk?
Answer: 0.51
How to arrive at this answer???
If two drivers who had an accident during the 1-year period are selected, what is the probability that at least one of them has been classified as high-risk?
Answer: 0.51
How to arrive at this answer???
Answers
Answered by
Emmanuel
Want solution
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.