Probability of car insurance claims

Assignment Help Basic Statistics

Reference no: EM1399655

A car insurance compancy has recorded the number of claims for the past quarter by age and gender. The information is recorded below.

Age Male Female
Under 25 25 12
25-50 14 8
Over 50 12 9

If a claim is randomly selected, what is the probability the person was under 25 or male?

Reference no: EM1399655

Questions Cloud

Production under normally distributed process : A production process manufactures items with weights that are normally distributed with mean 16 pounds and standard deviation 0.15 pound. An item is considered to be defective if its weight is less than 15.8 pounds or greater than 16.2 pounds.

What''s the probable bargaining negotiation outcome : What's the probable bargaining negotiation outcome if the advertisers bargain by telling each newspaper that they're going to reach agreement with the other newspaper, consequently the gains to reaching agreement are only $9? Presume the two newsp..

Probability of tossing heads on different coins : Suppose three unfair coins are tossed, a nickel, a dime, and a quarter. The probability of tossing a head on the nickel is 0.35; the probability of tossing a head on the dime is 0.20

Calculate total share of the viewing audience : Nielsen ratings are very important to both advertisers and television programmers because the cost of television advertising time is based on this rating.

Probability of car insurance claims : A car insurance compancy has recorded the number of claims for the past quarter by age and gender. The information is recorded below.

Formulate effective change to address stakeholder : Deliberate how leaders identify as well as formulate effective change to address stakeholder expectations

Probability of required university score : A prestigious university requires a score of at least 750 on a graduate exam for admission to its MBA program. Suppose the graduate exam is normally distributed with a mean of 500 and a standard deviation of 200.

Discussion on mass customization : What is meant by mass customization? How can market conditions and consumer desires affect customization?

What are the advantages as well as disadvantages to wal-mart : What are the advantages as well as disadvantages to Wal-Mart in working with unions? Describe the advantages and disadvantages of union membership from the employee perspective.

User Account

All Pages