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Mathematics, 10.08.2021 23:40 jasminecoronetti44
A life insurance company issues standard or preferred policies. Of the company's policyholders, 60% have standard policies and a probability of 0.01 of dying in the next year, and 40% have preferred policies and a probability of 0.08 of dying in the next year. A policyholder dies in the next year. What is the conditional probability of the deceased having a preferred policy?
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A life insurance company issues standard or preferred policies. Of the company's policyholders, 60%...
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