subject
Business, 17.03.2020 02:25 redrhino27501

An insurance company divides its customers into 2 groups. Twenty percent of customers are in the high-risk group, and eighty percent are in the low-risk group. The high-risk customers make an average of 1 accident per year while the low-risk customers make an average of 0.1 accidents per year. Eric had no accidents last year. What is the probability that he is a high-risk driver?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
question
Business, 22.06.2019 12:10
Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries
Answers: 1
question
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
question
Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
You know the right answer?
An insurance company divides its customers into 2 groups. Twenty percent of customers are in the hig...
Questions
question
Mathematics, 28.05.2021 14:00
question
Mathematics, 28.05.2021 14:00
question
Mathematics, 28.05.2021 14:00
question
Mathematics, 28.05.2021 14:00