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Mathematics, 24.09.2019 01:00 kathrynway5955

An insurance company insures red and green cars. an actuary compiles the following data: color of car red green number insured 300 700 probability an accident occurs 0.10 0.05 probability that the claim exceeds the deductible, given an accident occurs from this group 0.90 0.80 the actuary randomly picks a claim from all claims that exceed the deductible. calculate the probability that the claim is on a red car.

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An insurance company insures red and green cars. an actuary compiles the following data: color of c...
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