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Define probability that an insured driver select at random

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Reference no: EM131559190

Question: AUTO-ACCIDENT RATES An insurance company has compiled the accompanying data relating the age of drivers and the accident rate (the probability of being involved in an accident during a 1-yr period) for drivers within that group:

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What is the probability that an insured driver selected at random

a. Will be involved in an accident during a particular 1-yr period?

b. Who is involved in an accident is under 25?

Reference no: EM131559190

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