An insurance company classifies drivers as low risk, medium risk, high risk. Of those insured, 60% are low-risk, 30% are medium-risk, and 10% are high risk. After a study, the company finds that during a1-year period, 1% of the low risk drivers had an accident, 5% of the medium risk drivers had an accident, and 9% of the high-risk drivers had an accident.

Required:
a. If a driver had an accident during the year, find the probability that the driver is selected as a medium-risk driver.
b. If a driver who had an accident during the I-year period is selected, what is the probability that he has been classified as high-risk?
c. If two drivers who had an accident during the I -year period are selected, what is the probability that at least one of them has been classified as high-risk?

Answers

Answer 1

Answer:

a. 0.5 = 50% probability that the driver is selected as a medium-risk driver.

b. 0.3 = 30% probability that he has been classified as high-risk

c. 0.51 = 51% probability that at least one of them has been classified as high-risk.

Step-by-step explanation:

To solve this question, we need to understand conditional probability, for items a and b, and the binomial distribution, for item c.

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.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

a. If a driver had an accident during the year, find the probability that the driver is selected as a medium-risk driver.

Event A: Had an accident

Event B: Medium-risk driver

Probability of having an accident:

0.01 of 0.6(low risk)

0.05 of 0.3(medium risk)

0.09 of 0.1(high risk)

So

[tex]P(A) = 0.01*0.6 + 0.05*0.3 + 0.09*0.1 = 0.03[/tex]

Probability of having an accident and being a medium risk driver:

0.05 of 0.3. So

[tex]P(A \cap B) = 0.05*0.3 = 0.015[/tex]

Desired probability:

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.015}{0.03} = 0.5[/tex]

0.5 = 50% probability that the driver is selected as a medium-risk driver.

b. If a driver who had an accident during the I-year period is selected, what is the probability that he has been classified as high-risk?

Event A: Had an accident

Event B: High risk driver.

From the previous item, we already know that P(A) = 0.03.

Probability of having an accident and being a high risk driver is 0.09 of 0.1. So

[tex]P(A \cap B) = 0.1*0.09 = 0.009[/tex]

The probability is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.009}{0.03} = 0.3[/tex]

0.3 = 30% probability that he has been classified as high-risk

c. If two drivers who had an accident during the I -year period are selected, what is the probability that at least one of them has been classified as high-risk?

0.3 are classified as high risk, which means that [tex]p = 0.3[/tex]

Two accidents mean that [tex]n = 2[/tex]

This probability is:

[tex]P(X \geq 1) = 1 - P(X = 0)[/tex]

In which

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{2,0}.(0.3)^{0}.(0.7)^{2} = 0.49[/tex]

[tex]P(X \geq 1) = 1 - P(X = 0) = 1 - 0.49 = 0.51[/tex]

0.51 = 51% probability that at least one of them has been classified as high-risk.


Related Questions

Leia, Chewy, Han Solo, and Luke have to cross a bridge. They only have one flashlight, and the bridge can only hold two people at a time. They each take a different length of time to get across the bridge. At any time, a group of two can only move as fast as the group's slowest person. The times that it takes each person to cross the bridge are:
Chewy -- ten minutes
Han Solo -- five minutes
Leia -- two minutes
Luke -- two minutes
How can the four get across the bridge the fastest?

Answers

Answer:

luke and han solo

Step-by-step explanation:

because han solo have the most mins and luke is one of thr 2 mins and that added is 7min

Please help me I don’t understand and can you tell me how you got the answer

Answers

Answer:

9

Step-by-step explanation:

to find the whole number of this fraction all you have to do is do the top number divided by the bottom so... 36 ÷ 4 = 9 and we get 9 Hopefully that helps!

PLEASE HELP!! I CANT GET THIS WRONG YALL HELP.....!!!
GIVING BRAINLIEST

Answers

Answer:

D)6x^4+3x^3y

Step-by-step explanation:I hope this helps,good luck with everything,have a nice day.

2. Find the gross monthly income from this job and calculate your monthly take-home pay.
Monthly take-home pay is your gross monthly income subtracting out taxes. Taxes total to
be about 1/4 of the gross income. Show all work.
Gross monthly income:
Monthly take-home pay:

Answers

Answer:

you will need to know what's his gross monthly income and multiply by 25%that will give you the amount of taxes withheld and then subtract that from gross monthly income and that will give you Monthly take home pay.

Please look at the image

Answers

Answer:

[tex]r \geqslant - 5 [/tex]

Step-by-step explanation:

[tex]50 - 4r \leqslant 70[/tex]

[tex] - 4r \leqslant 20[/tex]

[tex] \frac{ - 4r}{ - 4} \geqslant \frac{20}{ - 4} [/tex]

[tex]r \geqslant - 5[/tex]

If you guys help me with this ill give you brainliest

Answers

19.2 miles

3.2x6=19.2

Answer:

The answer is 19.2 miles your welcome

Step-by-step explanation:

which deduction is optional?
a.federal income tax
b. life insurance
c.medicare
d.social security

Answers

Answer:

Life insurance

Step-by-step explanation:

The rest are governm taxes

a.Federal income tax

Your local school board wants to determine the proportion of people who plan on voting for the school levy in the upcoming election. They conduct a random phone poll, where they contact 150 individuals and ask them whether or not they plan on voting for the levy. Of these 150 respondents, 78 people say they plan on voting for the levy. The school board wants to determine whether or not the data supports the idea that more than 50% of people plan on voting for the levy. Calculate the p-value for the one-sided Hypothesis test described in this example. (Hint: Find the test statistic and then use the tables to find the p-value.)

Answers

Answer:

The p-value for the one-sided Hypothesis test described in this example is 0.3121.

Step-by-step explanation:

Test the hypothesis that more than 50% of people plan on voting for the levy.

At the null hypothesis, we test that the proportion is 50%, that is:

[tex]H_0: p = 0.5[/tex]

At the alternate hypothesis, we test if this proportion is above 50%, that is:

[tex]H_a: p > 0.5[/tex]

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

0.5 is tested at the null hypothesis:

This means that [tex]\mu = 0.5, \sigma = \sqrt{0.5*0.5} = 0.5[/tex]

Of these 150 respondents, 78 people say they plan on voting for the levy.

This means that [tex]n = 150, X = \frac{78}{150} = 0.52[/tex]

Value of the test statistic:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{0.52 - 0.5}{\frac{0.5}{\sqrt{150}}}[/tex]

[tex]z = 0.49[/tex]

Pvalue of the test:

The pvalue of the test is the probability of finding a proportion above 0.52, which is 1 subtracted by the pvalue of z = 0.49.

Looking at the z-table, z = 0.49 has a pvalue of 0.6879.

1 - 0.6879 = 0.3121

The p-value for the one-sided Hypothesis test described in this example is 0.3121.

What is y = 1/2x-3 on a graph??

Answers

Attached is a graph showing y=1/2x-3

Check all the answers that represent the same level of precision,
O A. 42
OB. 1.1
O c. 23.45
D. 100.6

Answers

100 Is I was just like oh oh and then you are in the church

Answer:

Step-by-step explanation:

the "answer" below is why the brainly community, most of it atleast is shi


A group of hikers starts at an elevation of 2.53 kilometers. When they
stop for lunch, their elevation has increased by 1.24 kilometers. When they
stop to camp, their elevation has decreased by 0.53 kilometer compared to
their lunch stop. Which expressions represent the elevation, in kilometers,
of the group's campsite? Select all that apply.

Answers

483837473939584939494948338

PLEASE HELP SO I CAN GO EAT LUNCH!!

Answers

Answer:

Average low temp. = 6.  The fourth number is 9.

Step-by-step explanation:

To find the average of 7 low temperatures, add them and divide the sum by 7.

Average low temp. = (5 + 8 + 6 + 5 + 10 + 7 + 1) / 7 = 42 / 7 = 6

The mean is the average.  Call the missing number  x.

There are four numbers, three of which are given.  Add all the number, including the unknown  x, then divide the sum by 4.  The result is 7 (given in the problem).

[tex]\frac{5+7+7+x}{4}=7\\\frac{19+x}{4}=7\\19+x=28\\x=9[/tex]

If 3/x x 4/7= 3/14 work out x

Answers

Answer:

[tex] \frac{3}{x} \times \frac{4}{7} = \frac{3}{14} \\ \frac{12}{7x} = \frac{3}{14} \\ 21x = 168 \\ x = \frac{168}{21} \\ x = 8[/tex]

Find the volume of the prism.
15 mm
B = 43 mm2
mm3
help

Answers

Answer:

645 mm^3

Step-by-step explanation:

Volume of a prism = base area x height

43 x 15 = 645 mm^3

Two more than the quotient of a number and 3 is equal to 8.

Answers

The equation would be 2+x/3=8
The solution is x=18
Explanation:

Which input-output rules could describe the same function (if any)? Be prepared to explain your reasoning.

Answers

Answer:

Step-by-step explanation:

the 1st and 2nd b/c they are both square the input number  

What is the measure of ZRCP in the figure below?
P
11
D
350
11
R
A. 35°
B. 55°
C. 11°
D. 60°
E. 70°
F. Cannot be determined

Answers

Step-by-step explanation:

the answer is 35 if he want the degree of c in RCD trangle

and if you want the RCD and The PCD deegrees total its 70

A student wants to report on the number of movies her friends watch each week. The collected data are below: 2 14 1 2 0 1 0 2 Which measure of center is most appropriate for this situation and what is its value? (4 points) a Median, 1.5 b Median; 3 c Mean, 1.5 d Mean; 3

Answers

Answer:

The best measure of center for a set of data is the median value.

To find the median list the values from

Smallest to largest:

0, 0, 1, 1, 2,2, 2, 14

Since there is an even number of values, find the middle two numbers, add them together and divide by 2:

1+2 = 3

3/2 = 1.5

The answer is median 1.5

Step-by-step explanation:

plz brain list

Help pls show work if needed

Answers

Answer: The mode is 12

Step-by-step explanation: It is the most common number in the data set.

Pears are $1.98 a pounds. How much do 3.5 pounds of Pears cost?

Answers

$6.93 is the answer for your question

One of the three equal faftors (multiplication) of a number

Answers

Answer:

A cube root

Step-by-step explanation:

For example :

2 is the cube root of 8

runs 9 miles in 84 minutes. How many miles does he run per minute?

Answers

Answer:

9.33333333333, or 9, or 9.3

Step-by-step explanation:

porque es matematicas nos piden buscar la x?

Answers

Answer:

Em matemática, costumamos usar a letra “x” para representar a quantidade desconhecida. Mas agora x está em toda parte em nossa sociedade. As pessoas usam “x” para representar algo inexplicável ou desconhecido, como raio-X, arquivo X e  i hope that helps :)

Help me out please?????

Answers

9514 1404 393

Answer:

  QT = 16

  VQ = 24

Step-by-step explanation:

The centroid divides each median into parts that have the ratio 1:2. The short length is the one from the centroid to the side (VT); the long length is the one from the centroid to the vertex (QT).

VT : QT = 1 : 2 = 8 : 16

VQ = VT +QT = 8 + 16 = 24

__

QT = 16

VQ = 24

Need help with this problem!!

Answers

Answer:

Area:

4 x 4 = 16

Finding area of semi circle:

4 is your diameter so half of it is your radius which is 2 since half of 4 is 2!

2^2<---your radius being squared = 4

4(radius squared) x 3.14(pi) = 12.56

12.56 divided by 2 since its a semi circle is = 6.28

6.28 + 16 = 22.28 is your area

Perimeter is:

4 + 4 + 4 (all sides of a square are equal therefore one or two given lengths will be all the sides) = 12

Circumference:

Radius is 2,

2(you just always have to multiply this number when finding circumference) x 3.14(pi) x 2(radius), 2 x 3.14 x 2 = 12.56

12.56 divided by 2 = 6.28

6.28 + 12 = 18.28 is your perimeter.

Just a refresh:

Circumference Formula:

2(always use this number when finding circumference) x pi(3.14 or 22/7 depending on what they tell you to use for pi) x radius

Area of a Circle Formula:

Radius squared x pi(3.14 or 22/7 whatever they tell you to use for pi)

Another thing you should remember:

Whenever it gives you 1/4 of a circle or 1/3 or a semi circle or any fraction, REMEMBER TO DIVIDE BY THAT DENOMINATOR TO WHAT YOU GET FROM EITHER CIRCUMFERENCE OR AREA OF A CIRCLE!

One can of Mountain Dew costs $1.25 in a vending machine.
A 12-pack of Mountain Dew costs $3.49 at the grocery store.

How much money would you save by purchasing a dozen cans of Mountain Dew at the grocery store instead of a dozen at the vending machine?

$2.24

$0.96

$11.51

$12.49

Answers

The answer would be 11.51

(NO LINKS)
How much compound interest is earned on a deposit of $6000 at 2.25%, compounded daily for 22 days?

Answers

Answer:

Total: $9,789.13

Interest: $3,789.13

Step-by-step explanation:

Yup you need to know the difference between compound and simple and it will
Just have to plug in and boom easy !! Good luck in the future try looking up how to solve it will make life easier

A service center receives an average of 0.6 customer complaints per hour. Management's goal is to receive fewer than three complaints each hour. Assume the number of complaints follows the Poisson distribution. Determine the probability that exactly four complaints will be received during the next eight hours.

Answers

Answer:

0.18203 = 18.203% probability that exactly four complaints will be received during the next eight hours.

Step-by-step explanation:

We have the mean during a time-period, which means that the Poisson distribution is used to solve this question.

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

In which

x is the number of sucesses

e = 2.71828 is the Euler number

[tex]\mu[/tex] is the mean in the given interval.

A service center receives an average of 0.6 customer complaints per hour.

This means that [tex]\mu = 0.6h[/tex], in which h is the number of hours.

Determine the probability that exactly four complaints will be received during the next eight hours.

8 hours means that [tex]h = 8, \mu = 0.6(8) = 4.8[/tex].

The probability is P(X = 4).

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

[tex]P(X = 4) = \frac{e^{-4.8}*4.8^{4}}{(4)!} = 0.18203[/tex]

0.18203 = 18.203% probability that exactly four complaints will be received during the next eight hours.

In a lab experiment, 490 bacteria are placed in a petri dish. The conditions are such that the number of bacteria is able to double every 6 hours. How long would it be, to the nearest tenth of an hour, until there are 5210 bacteria present?

Answers

Answer:

20.5

Step-by-step explanation:

The following is a random sample of the annual salaries of high school counselors in the United States. Assuming that the distribution of salaries is approximately normal, construct a 98% confidence interval for the mean salary of high school counselors across the United States. Round to the nearest dollar. $45,860,$38,860,$64,820,$63,480,$36,710,$50,410,$33,080

Answers

Solution :

      x                   [tex]$(x-\overline x)$[/tex]                          [tex]$(x-\overline x)^2$[/tex]

45860             -1742.8571                 3037551.0204

38860            -8742.8571                 76437551.0204

64820              17217.1429                296430008.1633

63480             15877.1429                252083665.3061

36710              -10892.8571              118654336.7347

50410             2807.1429                 7880051.0204

33080             -14522.8571            210913379.5918    

333220          0.0000                        965436542.8571

Sample size, n = 7

Mean = [tex]$\frac{\sum x}{n}=\frac{333220}{7}$[/tex]

                   = 47602.8571

Variance = [tex]$\frac{(\sum (x- \overline x))^2}{(n-1)}=\frac{965436542.8571}{7-1}$[/tex]

                                       = 160906090

Standard deviation = [tex]$\sqrt{Variance} = \sqrt{160906090}$[/tex]

                                                     = 12684.876

a). df = n - 1

        = 7 - 1

       = 6

Level of significance, α = 0.02

Critical, [tex]$t_c = 3.143$[/tex]

b). Sample mean, [tex]$\overline x = 47602.8571$[/tex]

    Sample standard deviation, s = 12684.876

Sample size, n = 7

c). 98% confidence interval = [tex]$\overline x \pm t_c \times \frac{s}{\sqrt n}$[/tex]

                                             [tex]$=47602.8571 \pm 3.143 \times \frac{12684.876}{\sqrt 7}$[/tex]

                                             [tex]$=(32533.96,62671.76)$[/tex]

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