Business, 28.01.2021 22:50 aurorasweetpea610

An insurance company estimates that 40% of policyholders who have only an auto policy will renew next year and 60% of policyholders who have only a homeowners policy will renew next year. The company estimates that 80% of policyholders who have both an auto and a homeowners policy will renew at least one of those policies next year. Company records show that 65% of policyholders have an auto policy, 50% of policyholders have a homeowners policy, and 15% of policyholders have both an auto and a homeowners policy. Using company estimates, calculate the percentage of policyholders that will renew at least one policy next year.

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An insurance company estimates that 40% of policyholders who have only an auto policy will renew nex...

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