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Mathematics, 22.09.2020 21:01 ashvaldez111
An insurance company divides its policyholders into low-risk and high-risk classes. 60% were in the low-risk class and 40% in the high-risk class. Of those in the low-risk class, 80% had no claims, 15% had one claim, and 5% had two claims. Of those in the high-risk class, 50% had no claims, 30% had one claim, and 20% had two claims. (Write answers as exact decimals.)
a) What is the probability that a randomly selected policyholder is high-risk and filed no claims?
b) What is the probability that a randomly selected policyholder filed two claims?
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An insurance company divides its policyholders into low-risk and high-risk classes. 60% were in the...
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