An auto insurance company insures drives of all ages. An actuary compiled the fol- lowing statistics on the company's insured drivers: Age of Probability Driver Portion of Company's of Accident Insured Drivers 16-20 0.06 0.08 21-30 0.03 0.15 31-65 0.02 0.49 66-99 0.04 0.28 A randomly insured driver has an accident. Calculate the probability that the driver was age 16-20.
An auto insurance company insures drives of all ages. An actuary compiled the fol- lowing statistics on the company's insured drivers: Age of Probability Driver Portion of Company's of Accident Insured Drivers 16-20 0.06 0.08 21-30 0.03 0.15 31-65 0.02 0.49 66-99 0.04 0.28 A randomly insured driver has an accident. Calculate the probability that the driver was age 16-20.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
Related questions
Question
Kindly answer it
Transcribed Image Text:An auto insurance company insures drives of all ages. An actuary compiled the fol-
lowing statistics on the company's insured drivers:
Age of Probability
Driver
Portion of Company's
of Accident
Insured Drivers
16-20 0.06
0.08
21-30 0.03
0.15
31-65 0.02
0.49
66-99 0.04
0.28
A randomly insured driver has an accident. Calculate the probability that the driver
was age 16-20.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,