What is the probability that a driver wears a seat belt

Assignment Help Basic Statistics
Reference no: EM131757606

Question: ABC Insurance Co. estimates that 80% of drivers wear seat belts regularly. They also estimate that 50% of drivers are over age 35. A study showed that 40% of those drivers who wear seat belts regularly are over age 35. Given these estimates, what is the probability that a driver who is over age 35 wears a seat belt regularly?

a. 0.40

b. 0.64

c. 0.96

d. None of the above

Reference no: EM131757606

Questions Cloud

Is punishment best justified by a utilitarian : The Justification of Punishment. Is punishment best justified by a utilitarian or a retributivist theory, or by a mixed theory?
What should be the possible initial outlay : The projects cost of capital is 10% and the project has a 10% IRR. What should be the possible initial outlay?
Explain the internal control system : Explain the Internal control system, its role in a business and its significance in the auditing process
Discuss the primary data center will be located at atlanta : Discuss the primary data center will be located at the Atlanta location. Each location should be protected from intrusions that are not limited to state change.
What is the probability that a driver wears a seat belt : ABC Insurance Co. estimates that 80% of drivers wear seat belts regularly. They also estimate that 50% of drivers are over age 35.
Discuss a contract for a purchase commitment specifies : A contract for a purchase commitment specifies a price of $10 per unit for a commodity
What are the specialized forms of business organizations : What are the principal forms of business organizations? What are the specialized forms of business organizations?
Total real return on investment : Suppose that you decide to sell your bonds today, when the required return on the bonds is 8.25 percent. If the in?ation rate was 4.3 percent over the past year
Discuss what is rafael''s amount realized on the sale : Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd