5

# Suppose that an insurance company classifies people into one of three classes: good risks, average risks and bad risks. The company' s record indicates that th...

## Question

###### Suppose that an insurance company classifies people into one of three classes: good risks, average risks and bad risks. The company' s record indicates that the probabilities that good- , average- and bad-risks persons will be involved in an accident over a one- year span are; respectively, 0.1,0.2 and 0.30. Suppose that 20 % of the population is a good risk, 50 %an average risk and 30 % percent a bad riskWhat proportion of people have accidents in a fixed year?b) If policy holder A had no

Suppose that an insurance company classifies people into one of three classes: good risks, average risks and bad risks. The company' s record indicates that the probabilities that good- , average- and bad-risks persons will be involved in an accident over a one- year span are; respectively, 0.1,0.2 and 0.30. Suppose that 20 % of the population is a good risk, 50 %an average risk and 30 % percent a bad risk What proportion of people have accidents in a fixed year? b) If policy holder A had no accidents over the last year; what is the probability that he or she is a bad risk?  #### Similar Solved Questions

##### Plaster of Paris ((CaSOs)"IO] is olten used in making surgical casts, How many atoms of calcium are in 58_ 5-8 of Plaster of Paris? (I0 pts)
Plaster of Paris ((CaSOs)"IO] is olten used in making surgical casts, How many atoms of calcium are in 58_ 5-8 of Plaster of Paris? (I0 pts)...
##### Problem 1_ Suppose . is discrete random variable with probability mass func- tion P( =-1)={ P(X =0) = 1 P(X=2=3P(X = 4 = Find the probability mass function of (X - 1)?
Problem 1_ Suppose . is discrete random variable with probability mass func- tion P( =-1)={ P(X =0) = 1 P(X=2=3P(X = 4 = Find the probability mass function of (X - 1)?...
##### Find the critical value tc for the confidence level c = 0.99 and sample size n = 8.Find tc: Round to three decimal places as needed:
Find the critical value tc for the confidence level c = 0.99 and sample size n = 8. Find tc: Round to three decimal places as needed:...
##### Suppose that the sequence of ordered triples (xw- Yn, Zn) is recursively defined by (xo' Yo, Zo) (0,1,2) and Vn â‚¬ N, (xntlYn+l,Zn+1) (Xn YnYn Zw Zn Xn) and let Vn â‚¬ N, Sn xR +yi + 27. What are the values of a â‚¬ N, if any, for which Sa+5 Sa+4 + Sa+3 + Sa+1 e N_b) What is the minimum value of b â‚¬ N; if any, for which Ek-0 > 0.1992 Why?
Suppose that the sequence of ordered triples (xw- Yn, Zn) is recursively defined by (xo' Yo, Zo) (0,1,2) and Vn â‚¬ N, (xntlYn+l,Zn+1) (Xn YnYn Zw Zn Xn) and let Vn â‚¬ N, Sn xR +yi + 27. What are the values of a â‚¬ N, if any, for which Sa+5 Sa+4 + Sa+3 + Sa+1 e N_ b) What is the m...
##### Population Growth with Harvesting: some populatlo mouels Ne want growth moce to modify the inhlbited incorporate constant decrease population due t0 harvesting: consider Iake that hosts example, fish populatian with carryinE capacity = 100,000 and rate 0f relative growth 5% per week addition, the population allowed decrezso by 1050 fish per week (through fishing:-) This papulation can be modeled by the differential equation0.O5Pi1050 100000Use the handout "Logistic Growth" solve the di
Population Growth with Harvesting: some populatlo mouels Ne want growth moce to modify the inhlbited incorporate constant decrease population due t0 harvesting: consider Iake that hosts example, fish populatian with carryinE capacity = 100,000 and rate 0f relative growth 5% per week addition, the po...
##### Find the area of the region bounded by the graphs of v=x+2, and Y LFind the area of the region bounded by the graphs (x)-2-x and g( *)Find the area bounded by the curves,8x ~ x" and v = ZxFind the area of the region enclosed by f(x)=4x-x and Y =3Find the area of the region enclosed byand h(x)16Find the area of the region enclosed by 2y = x' and Y =x+4Find the area of the region enclosed by f(x)x? 47 + 4 and g(x)=xFind the equation of the tangent line to the function f(x)=x" 3x&quo
Find the area of the region bounded by the graphs of v=x+2, and Y L Find the area of the region bounded by the graphs (x)-2-x and g( *) Find the area bounded by the curves, 8x ~ x" and v = Zx Find the area of the region enclosed by f(x)=4x-x and Y =3 Find the area of the region enclosed by and ...
2 2 1 J O/ (...
##### Negatively charged rod brougnt close some small pieces af neutral paper. The positive sides of molecules in the paper are attracteo the rodand the negative sides the molecules are repelled. Since negative and positive sides are equal in number, why don't the attractive and repulsive Forces cancel aut? (Support vour explanation by usina Tne oppropriate physics equation)
negatively charged rod brougnt close some small pieces af neutral paper. The positive sides of molecules in the paper are attracteo the rodand the negative sides the molecules are repelled. Since negative and positive sides are equal in number, why don't the attractive and repulsive Forces canc...
##### 130 1 J { 1 2 L 1 8 1 82B 1 1 4 1 1 : 1 1 1 1 6 L5]
130 1 J { 1 2 L 1 8 1 8 2B 1 1 4 1 1 : 1 1 1 1 6 L 5 ]...
##### Question 9 (Mandatory) (2 points)CH;ClL00.6L9500Jod10d500EWavenumoers (cm-]In the above Infrared adsorption spectrum, what are all of the multiplets highlighted with the black arrows due to?
Question 9 (Mandatory) (2 points) CH;Cl L0 0.6 L 9500 Jod 10d 500 E Wavenumoers (cm-] In the above Infrared adsorption spectrum, what are all of the multiplets highlighted with the black arrows due to?...
##### Consider the following reaction at $25^{\circ} \mathrm{C}$ :$$\mathrm{Fe}(\mathrm{OH})_{2}(s) \rightleftharpoons \mathrm{Fe}^{2+}(a q)+2 \mathrm{OH}^{-}(a q)$$Calculate $\Delta G^{\circ}$ for the reaction. $K_{\mathrm{sp}}$ for $\mathrm{Fe}(\mathrm{OH})_{2}$ is $1.6 \times 10^{-14}$
Consider the following reaction at $25^{\circ} \mathrm{C}$ :$$\mathrm{Fe}(\mathrm{OH})_{2}(s) \rightleftharpoons \mathrm{Fe}^{2+}(a q)+2 \mathrm{OH}^{-}(a q)$$Calculate $\Delta G^{\circ}$ for the reaction. $K_{\mathrm{sp}}$ for $\mathrm{Fe}(\mathrm{OH})_{2}$ is $1.6 \times 10^{-14}$...
##### Q1 a)Find the domain and range for the function f (x,(10 marks)Let z = 4x2 _ 8xyt + Tys _ 3,find %-, 82 022 Zze pue-Zze 322 the first and cexe dydx second order partial derivatives of = (20 marks)
Q1 a) Find the domain and range for the function f (x, (10 marks) Let z = 4x2 _ 8xyt + Tys _ 3,find %-, 82 022 Zze pue-Zze 322 the first and cexe dydx second order partial derivatives of = (20 marks)...
##### From which kinds of interactions do intermolecular forces originate?
From which kinds of interactions do intermolecular forces originate?...
##### According to the Bureau of the Census, the U.S population includes 37.7 million persons who were born Europe; Asia, the Caribbean, Central America; South America or in another area outside the United States. percentage breakdown of the regions of birth is shown here If a random sample of 300 foreign-born persons were to be selected from a major U.S, city, with the observed frequencies shown in the rightmost column ofthe table, could we conclude that the distribution of birth regions for the fore
According to the Bureau of the Census, the U.S population includes 37.7 million persons who were born Europe; Asia, the Caribbean, Central America; South America or in another area outside the United States. percentage breakdown of the regions of birth is shown here If a random sample of 300 foreign...
##### Let u and v be vectors in R" _ If {u,u+v} is linearly independent, prove that {u,v} is linearly independent
Let u and v be vectors in R" _ If {u,u+v} is linearly independent, prove that {u,v} is linearly independent...