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Business, 11.02.2020 18:55 Shom2095

An insurance company classifies clients as "high-risk" and "acceptable risk". For a particular year, the probability that a high-risk person has an accident is 0.4, and the probability that an acceptable risk person has an accident is 0.2. The client-base is estimated to be 30 percent high risk. HINT: Think about what you know and what you want to find.

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An insurance company classifies clients as "high-risk" and "acceptable risk". For a particular year,...

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