An automobile insurance company divides customers into three risk categories: Good (G), Medium (M), and Poor (P). Assume the following distribution of customers: 70% are Good risks, 20% are Medium risks, and 10% are Poor risks. Assume that the probabilities of a customer filing an accident claim (C) in the course of a year are: 0.5% for Good, 1% for Medium, and 2.5% for Poor. A customer is chosen at random.
a) What is the probability that the customer is a good risk and has filed a claim?b) What is the probability that the customer has filed a claim?c) Given that the customer has filed a claim, what is the probability that the customer is a good risk?

Answers

Answer 1

Answer:

a) 0.035 = 3.5% probability that a customer is a good risk and has filed a claim.

b) 0.0395 = 3.95% probability that the customer has filed a claim.

c) 0.8861 = 88.61% probability that the customer is a good risk

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

a) What is the probability that the customer is a good risk and has filed a claim?

70% are good risks.

Of those, 0.5% file a claim. So

[tex]0.7*0.05 = 0.035[/tex]

0.035 = 3.5% probability that a customer is a good risk and has filed a claim.

b) What is the probability that the customer has filed a claim?

0.5% of 70%(good risks)

1% of 20%(medium risks)

2.5% of 10%(poor risks). So

[tex]0.05*0.7 + 0.01*0.2 + 0.025*0.1 = 0.0395[/tex]

0.0395 = 3.95% probability that the customer has filed a claim.

c) Given that the customer has filed a claim, what is the probability that the customer is a good risk?

0.0395 = 3.95% probability that the customer has filed a claim means that [tex]P(A) = 0.0395[/tex]

0.035 = 3.5% probability that a customer is a good risk and has filed a claim means that [tex]P(A \cap B) = 0.035[/tex]

Thus

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.035}{0.0395} = 0.8861[/tex]

0.8861 = 88.61% probability that the customer is a good risk


Related Questions

Easton won best in show in 60% of the shows he entered. In how many show was Easton entered if he won best in show 15 times last year?

Answers

Answer:

Easton entered in 25 shows last year.

Step-by-step explanation:

Given that Easton won best in show in 60% of the shows I have entered, to determine how many show was Easton entered if he won best in show 15 times last year, the following calculation must be performed:

60 = 15

100 = X

(100 x 15) / 60 = X

1,500 / 60 = X

25 = X

Therefore, Easton entered in 25 shows last year.

A box is filled with 2 red carts, 3 green cards, and 8 brown cards. A card is chosen at random from the box, What is the grobability that the card is not green?
Write your answer as a fraction in simplest form.

Answers

Answer:

10/13

Step-by-step explanation:

High. Very High

The total number of cards is 8 + 3 + 2 = 13

There are 3 green ones and 10 others.

P(~G) = 10/13 = 0.769

please help what's the exact value for x?

cos(x+pi)-sin(x-pi)=0
SHOW WORK PLEASE​

Answers

Step-by-step explanation:

Recall that

[tex] \cos(x + \pi) = \cos x \cos\pi - \sin x \sin\pi[/tex]

and

[tex] \sin(x - \pi) = \sin x \cos \pi - \cos x \sin \pi[/tex]

But we also know that

[tex] \cos \pi = - 1 \\ \sin \pi = 0 \: \: \: \: [/tex]

so the above relations reduce to

[tex] \cos(x + \pi) = - \cos x \\ \sin(x - \pi) = - \sin x [/tex]

Therefore,

[tex] \cos(x + \pi) - \sin(x - \pi) = - \cos x + \sin x [/tex]


Find the area of a triangle with a base of 18 inches and a height of 2 inches.

Answers

Answer:

The area is 36 inches

Step-by-step explanation: 18 * 2 = 36

Answer:

[tex]\boxed {\boxed {\sf 18 \ inches^2}}[/tex]

Step-by-step explanation:

The area is the amount of space inside the shape. The area of a triangle is half the product of the base and height.

[tex]a= \frac{1}{2} bh[/tex]

The base of the triangle is 18 inches and the height is 2 inches.

b= 18 in h= 2 in

Substitute the values into the formula.

[tex]a= \frac{1}{2} (18 \ in)(2 \ in)[/tex]

Multiply the numbers in parentheses.

[tex]a= \frac{1}{2}(36 \ in^2)[/tex]

Multiply by 1/2 or divide by 2.

[tex]a= 18 \ in^2[/tex]

The area of the triangle is 18 square inches.

20 POINTS AND I WILL MARK YOU BRAINLIEST !!!

the london ferris wheel has a maximum height of 443 ft and a diameter of 394 ft . the wheel takes 30 mins to rotate

#1. what is the minimum height of the ferris wheel ?
94 , 85 , 49 , or 40

#2. where would the midline of the graph be ?
y=246 , y=221.5 , or y=197

#3. what is the amplitude of the graph ?
246 ft , 221.5 ft , or 197 ft

#4. what is the period of the function ?
15 , 30 , or 60 minutes

Answers

Step-by-step explanation:

#1 . the minimum height =

443 - 394 = 49 ft

#2. y = (394/2) + 49 = 197+49

=> y =246

#3. the amplitude is ½× diameter

= ½×394 = 197 ft

#4. the period of function is

the time that the wheel takes

one rotation =>30 minutes

If y is inversely proportional to (tan x) and y = 2
when x = 30°, find the value of y when this value
of x is doubled.​

Answers

Answer:

When something is inversely proportional it can be solved by using the equation:

y = k/x

where k is the constant.

So using this we can plug in x and y to find the value of k.

3 = k/4.

Next we isolate k and find that k = 12. Now we use this to find the value of y when x = 8. Plug in x and you get y = 12/8 or y = 3/2 or 1.5.

Another way to solve this is to look at how the value of x changes. When the value of x goes up, the value of y goes down.

In other words, when x is multiplied by some number, y is divided by that number. In this equation we can see that x is multiplied by 2 to go from 4 to 8.

Thus, y must be divided by 2.

Thus, y = 3/2 or 1.5.

Answer:

Step-by-step explanation:

y is inversely proportional to tan x means  

                                                            [tex]y \ \alpha \ \frac{1}{tan x}\\\\y = k \times \frac{1}{tanx}[/tex]

Given y = 2 when x =30° . So we will find k.

                            [tex]y =k \times \frac{1}{tanx } \\\\2 = k \times \frac{1}{tan 30}\\\\k = 2 \times tan 30 = 2 \times \frac{1}{\sqrt{3}} = \frac{2}{\sqrt{3} }[/tex]

Now x is doubled, x = 60°, find y

                         [tex]y = k \times \frac{1}{tanx}\\[/tex]

                            [tex]= \frac{2}{\sqrt{3}} \times \frac{1}{tan 60}\\\\= \frac{2}{\sqrt{3}} \times \sqrt{3}\\\\=2[/tex]

Find the Surface Area of this Prism

Answers

Answer:

formula - 2 (wl + hl + hw)

559,872 is the answer from how I learned it.

If i'm right, please mark me brainliest ! (๑・ω-)~♥”

HELP PLSS I DONT UNDERSTAND A THING

Answers

Answer:

1 no

angle 1 =53 degree (being vertically opposite angle)

angle 2=127 degree(being linear piar)

angle 3 =127 degree(being vertically opposite angles)

2 no

angle 1=155.1(being linear pair)

angle 2=24.9(being vertically opposite angles)

angle 3=155.1(beinf linear pair)

3 no

angle 1=68 degree(being linear pair)

angle 2=112 degree(being vertically opposite angle)

angle 3=68 degree(being vertically opposite angle)

4 no

angle 1=54.5 degree(being linear pair)

angle 2=125.5 degree(being vertically opposite angle)

angle 3=54.5 degree(being vertically oppostie angle)

Step-by-step explanation:

Bonus problem. Find the ratio a :b if it is given that 3a=8b​

Answers

Answer:

[tex]a:b = 8:3[/tex]

Step-by-step explanation:

To find the ration, we want to get in equation in the form [tex]\frac{a}{b} =\frac{x}{y}[/tex].

We can start by dividing by b on both sides:

3a = 8b

÷b     ÷b

[tex]\frac{3a}{b} = 8[/tex]

Now, we can divide by 3 on both sides to get:

[tex]\frac{a}{b} = \frac{8}{3}[/tex]

We can change the format into a ratio:

[tex]a:b = 8:3[/tex]

Here is the function for the number of zombies, N, after t years, with the negative exponent expressed using the fraction ½:

N(t) = 300 • 0.5t/8

What is the half-life for the zombie population?

Answers

Answer:

The half-life for the zombie population is of 8 years.

Step-by-step explanation:

Exponential equation:

An exponential equation has the following format:

[tex]N(t) = N(0)(1-r)^t[/tex]

In which N(0) is the initial value and the part [tex](1-r)^t[/tex] is related to the decay.

In this question:

[tex]N(t) = 300(0.5)^{\frac{t}{8}}[/tex]

Thus N(0) = 300, that is, initial population of 300.

What is the half-life for the zombie population?

This is t for which N(t) = 0.5*300 = 150. So

[tex]N(t) = 300(0.5)^{\frac{t}{8}}[/tex]

[tex]150 = 300(0.5)^{\frac{t}{8}}[/tex]

[tex](0.5)^{\frac{t}{8}} = \frac{150}{300}[/tex]

[tex](0.5)^{\frac{t}{8}} = 0.5[/tex]

[tex](0.5)^{\frac{t}{8}} = (0.5)^1[/tex]

Equal exponents, so:

[tex]\frac{t}{8} = 1[/tex]

[tex]t = 8[/tex]

The half-life for the zombie population is of 8 years.

Round 2.873 to the nearest tenth

Answers

Answer:

2.9

hope this helps

have a good day :)

Step-by-step explanation:

Plzzz help as soon as possible

Answers

Answer:

Step-by-step explanation:

8 is not a function

9 is a function

10 is a function

What do u multiply first?

Answers

Answer:

Order of operations tells you to perform multiplication and division first, working from left to right, before doing addition and subtraction. Continue to perform multiplication and division from left to right. Next, add and subtract from left to right.

pls Mark me as brainliest trust me..

brainliest and many poitns FAST

Answers

Answer:

you're answer is, 22

Answer:

Solution given;

[tex]11 \div \frac{1 }{2} = \frac{11}{ \frac{1}{2} } = 11 \times 2 = 22[/tex]

22 is a required answer:.

Kelly is using a rectangular container to fill up a bucket of water. The container is 3.8 inches long, 2.5 inches wide, and 7.2 inches tall. If the bucket holds 1,368 cubic inches of water, how many times will Kelly have to fill the cup in order to fill the bucket

Answers

Answer:

Kelly will have to fill the cup 20 times.

Step-by-step explanation:

Volume of the cube:

Rectangular cube, so the volume of the cube is the multiplication of its three dimensions(3.8 inches, 2.5 inches and 7.2 inches).

V = 3.8*2.5*7.2 = 68.4 cubic inches.

If the bucket holds 1,368 cubic inches of water, how many times will Kelly have to fill the cup in order to fill the bucket?

Solved by proportions, using a rule of three.

1 time - 68.4 cubic inches

x times - 1368 cubic inches

Applying cross multiplication:

[tex]68.4x = 1368[/tex]

[tex]x = \frac{1368}{68.4}[/tex]

[tex]x = 20[/tex]

Kelly will have to fill the cup 20 times.

Plz help me well mark brainliest if correct!!....

Answers

Answer:

I'm pretty sure it is line plot

PLEASE HELP ASAP

PICTURE PROVIDED

Answers

Answer:

(x+1)(x+3)(x+5)

Step-by-step explanation:

Which equation is written in factor form?

Answers

I believe the 2nd one

A watering can contained 5 1/2 quarts water. After all the plants were watered, only 4 cups remained.

How many cups of water were used to water the plants?

Answers

Answer:

4 1/2 quarts.

Step-by-step explanation:

So 5 1/2 quarts to start. 4 left over.

Theres 4 cups in a quart.

So theres be 4 1/2 quarts used.. as 4 cups left would be a quart and 1 quart taken away from 5 1/2 quarts in 4 1/2.

what should be added to -13/25+21/5+-21/18 to get 5?​

Answers

ATQ,

= [tex] \dfrac{ - 13}{25} + \dfrac{21}{5} + \frac{ - 21}{18} + x = 5[/tex]

Take the lcm of 25,5,18 and then manipulate it accordingly.

= [tex] \dfrac{ 377}{150} + x = 5[/tex]

= [tex] x = 5 - \dfrac{ 377}{150}[/tex]

= [tex] x = \dfrac{ 373}{150}[/tex]

Answer

=727/150

Step-by-step explanation:

-13/25 + 21/18 + 21/18

= -13 + 105/25 + 21/18

= 92/25 + 21/18

= 1656 + 525/450

= 2181/450   =   727/150

Have nice day

if u can answer this that would rlly help:)

Answers

Answer:

x = 12

Step-by-step explanation:

First, we need to find the last interior angle of the triangle. Since we know the exterior angle next to it is 140° and they are supplementary, meaning they form a 180° angle, we can make an equation to solve for the last angle.

∠SRT + 140° = 180°

∠SRT = 40°

Now we know that the last interior angle is 40°. All triangles have a sum of 180°, therefore we can once again set up an equation to solve for x.

3x + 4 + 8x + 4 + 40 = 180

11x + 48 = 180

11x = 132

x = 12

Therefore, x = 12.

Lil' HydroPhil owns five pieces of precious apparel and wants to choose two to wear to the awards show. He defines his precious apparel as: platinum nose ring, diamond shirt, titanium boots, suede pants, and beryllium hat. Assuming the selection is random and each has an equally likely outcome, determine the probability HydroPhil chooses a combination that includes the suede pants.

Answers

Answer:

The probability HydroPhil chooses a combination that includes the suede pants is 0.40

Step-by-step explanation:

Given

Let

[tex]P \to Platin um\ no se\ ri ng[/tex]

[tex]D \to Diamond\ shirt[/tex]

[tex]T \to Titanium\ boots[/tex]

[tex]S\to Suede\ pants[/tex]

[tex]B\to Beryllium\ hat[/tex]

Required

Probability of selecting a combination that has S

First, list out all possible combinations (A) of 2

[tex]A = \{PD, PT, PS, PB, DT, DS, DB, TS, TB, SB\}[/tex]

The sample size is:

[tex]n(A) = 10[/tex]

The combinations that has S are:

[tex]S \to \{PS, DS, TS, SB\}[/tex]

The size is:

[tex]n(S) = 4[/tex]

So, the probability that he choose the combination that has S is:

[tex]Pr = \frac{n(S)}{n(A)}[/tex]

[tex]Pr = \frac{4}{10}[/tex]

[tex]Pr = 0.40[/tex]

please help!! 15 points i’m stressed out :/

Answers

Answer:

Since this (looks) like a homework assignment/test, I'll give you a hint.

Step-by-step explanation:

A function is where you have a input, that usually involves an equation that you have to replace the unknown with, to get the output.

Don't get it? Well, I didn't either.

What's great about this problem that you don't neccessarily have to know what the definition is.

A function can only output. So if you inputted the number 6, and got the output -3, you can't have another number that also had the output -3, and vice versa. This is my hint for the number 1.

Number 4 is a bit harder, but here's my hint:

Look for a pattern.

he slope distance between two points BM1 and TP1 is 600.00 ft. These two points arelocated on an inclined plane. A level is used to measure the backsight on BM1 (2.50 ft) andthe foresight on TP1 (10.20 ft). What is the horizontal length of the line to nearest 0.01 f

Answers

Answer:

the height is 599.950

Step-by-step explanation:

The computation of the  horizontal length of the line  is shown below:

The vertical distance is

= 10.20ft - 2.50ft

= 7.70 ft

Now use the pythagoreans theorem to determine the length of the line horizontally i.e presented below;

√horizontal distance^2 + √vertical distance^2 = Slope

√horizontal distance^2 + √7.7^2 = 600

So the height is 599.950

1. Points scored by a basketball player are 12, 15, 8, 12, 15, 10, 3, 14, and 15
Calculate the:
a) mean
b) median
c) mode
d) midrange
e) Use the relative location of the mean, median, and mode calculated describe the sets as
symmetric, skewed left, or skewed right.



Answers

Answer:

mean : add all of them and divide by how much they are

mode: is what repeats it self like 15 is the most repeated.

I need help
1−(−3)−5

Answers

answer is -1 you can check it on the calculator

pleaseeee mark me as the BRAINLIEST pleaseeee

Step-by-step explanation:

(-)(-)=+

1−(−3)−5

1+3-5

4-5

-1

PLEASE PLEASE HELP I will give BRAINLIEST



Anthony deposits 1,250 in a savings account with an interest rate of 6% if the Interest rate is compounded monthly than the account balance after t years is given by the expression below 1250(1+0.06/12)^12t what does (1+0.06/12t) represent

Answers

(nevermind srry, that was wrong)

Answer: represents the growth factor which reveals the monthly interest rate.

Step-by-step explanation:

Anthony's account balance can be modeled by the general compound interest formula shown below, where P is the initial amount, r is the annual interest rate, n is the number of times that the interest in the account is compounded per year, and t is the time period.

Consider the given expression.

1250(1+0.06/12)^12t

In the given expression, "1" represents 100% of the money in the account at the start of the month and "" represents the percentage of the account balance that gets added into the account at the end of each month. This is the monthly interest rate and the entire expression,(1+0.06/12t) , is the factor of growth.

Therefore, (1+0.06/12t)represents the growth factor which reveals the monthly interest rate.

Help with volume all help is appreciated :)

Answers

Answer:

It would be 0.41 ft^3

Step-by-step explanation:

Alright, to start, lets get the volume of the entire cinder block and the holes within it.

1.31 * 0.66 * 0.66 ---> 0.5706...

Next with the holes, they are both 0.33 wide, 0.39 long, and just as tall at 0.66 feet.

0.33 * 0.39 * 0.66 ---> 0.0849...

Since there's two of them: 0.1698...

To finish it, subtract the hole volume from the total volume;

0.5806 - 0.1698 = 0.4108

Rounds to 0.41 ft^3

How
many solutions exist for the mixed-degree system graphed below?

Answers

Answer:

There is one solution

(2, 2)

Step-by-step explanation:

The solutions are where the line and curve intersect.

The isone point of intersection and therefor one solution (2, 2)

Answer:

answer is b.) one

Step-by-step explanation:

edge 2021

Find the 8th term of the geometric sequence 7, 28, 112, ...

Answers

I got 114688 by going up x4
Other Questions
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