answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
2 years ago
15

An insurance company insures red and green cars. An actuary compiles the following data: Color of car Red Green Number insured 3

00 700 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.
Mathematics
1 answer:
julsineya [31]2 years ago
3 0

Answer:

2.7%

Step-by-step explanation:

Since the probability of having and accident or exceed the deductible does not depend on the color of the car, the events are independent.

Recall that if two events A and B with probabilities P(A), P(B) of occurrence are independent, then

P(A ∩ B) = P(A)P(B)

There is a 300/1000 = 0.3 probability of choosing a random car. So, if the actuary randomly picks a claim from all claims that exceed the deductible,the probability that the claim is on a red car is

0.3*0.10*0.9 = 0.027 or 2.7%

You might be interested in
What is the true solution to the equation below?
jarptica [38.1K]

Answer:

Step-by-step explanation:

some rules of logarithmic function

ln(a) - ln(b)=ln(\frac{a}{b})

e^{ln(a)}=a

ln(a)^{n}=nln(a) vice-versa nln(a)=ln(a)^{n}

If ㏑(a) = ㏑(b), then a = b

∴ 2ln(e^{ln(2x)})-ln(e^{ln(10x)})=ln(30)

Use the 2nd rule to simplify it

e^{ln(2x)}=2x\\e^{ln(10x)}=10x\\

2㏑(2x) - ㏑(10x) = ㏑(30)

Use the 3rd rule in the 1st term

∵ 2㏑(2x) = ㏑(2x)² = ㏑(4x²)

∴ ㏑(4x²) - ㏑(10x) = ㏑(30)

- Use the 1st rule with the left hand side

ln(4x^{2})-ln(10x)=ln(\frac{4x^{2}}{10x})\\\\ln(\frac{4x^{2}}{10x})=ln(30)\\\\ \frac{4x^{2}}{10x}=\frac{2x}{5}=\frac{2}{5}x\\\\ ln(\frac{2}{5}x)=ln(30)

Use the 4th rule

\frac{2}{5} x = 30

Multiply both sides by 5

∴ 2 x = 150

- Divide both sides by 2

∴ x = 75

The value of x = 75

3 0
2 years ago
Marissa bought a car for $22,000. The value of the car is decreasing at a rate of 10.5% every year. After 5 years, the value of
torisob [31]

Answer: the value of the car will be about $12634

Step-by-step explanation:

We would apply the formula for exponential decay which is expressed as

A = P(1 - r)^ t

Where

A represents the value of the car after t years.

t represents the number of years.

P represents the initial value of the car.

r represents rate of decay.

From the information given,

P = $22000

r = 10.5% = 10.5/100 = 0.105

t = 5 years

Therefore

A = 22000(1 - 0.105)^5

A = 22000(0.895)^5

A = $12634

4 0
2 years ago
A rectangular prism has a length of 4.2 cm, a width of 5.8 cm, and a height of 9.6 cm. A similar prism has a length of 14.7 cm,
grigory [225]

Answer: 3.5

Step-by-step explanation:

Given: Dimensions of larger prism = length of  4.2 cm, a width of 5.8 cm, and a height of 9.6 cm.

Dimensions of smaller prism = length of 14.7 cm, a width of 20.3 cm, and a height of 33.6 cm.

Scale factor = \dfrac{\text{Size of image}}{\text{Size of original figure}}

Since, smaller figure is the original figure and the bigger one is the image.

So, scale factor = \dfrac{14.7}{4.2}=3.5  [Taking lengths

Hence, the factor to produce the corresponding dimensions of the larger prism = 3.5

5 0
2 years ago
Read 2 more answers
A bulletin board can be covered completely by 30 square pieces of paper without any gaps or overlaps if each piece of paper has
34kurt

Answer:

The area of the bulletin board is 30 square foot.

Step-by-step explanation:

A bulletin board can be covered completely by 30 square pieces of paper without any gaps or overlaps.

If each piece of paper has side length of 1 foot so the area of each paper is 1 ft x 1 ft = 1 square foot.

There are 30 pieces of paper needed to completely cover the bulletin board, so 30 pcs of paper with an area of 1 square foot is equal to 30 square feet. The area of the bulletin board is 30 square foot.

4 0
2 years ago
Johanna will plant up to 32 acres on her farm with wheat and corn. Fewer than 11 acres will be planted with wheat
konstantin123 [22]
What exactly is the question?
3 0
1 year ago
Other questions:
  • Solve the following inequality: 38 < 4x + 3 + 7 – 3x.
    11·2 answers
  • Isaac keeps track of the miles per gallon his car gets per week. He has accumulated the following data:
    13·2 answers
  • There are 9 red and 6 green marbles in a bag. a child reaches in the bag and randomly takes one marble. what is the probability
    5·1 answer
  • A sequence is defined by mc024-1.jpg, and mc024-2.jpg. What is the seventh term?
    10·2 answers
  • Ronald bikes 6.9 miles each day.how far has Ronald bikes in seven day's?
    8·2 answers
  • PLEASE I NEED
    12·2 answers
  • A triangular banner has an area of 351cm2. The length of the base is two centimeters longer than four times the height. Find the
    10·1 answer
  • Suppose a continuous probability distribution has an average of μ=35 and a standard deviation of σ=16. Draw 100 times at random
    10·1 answer
  • Which values represent solutions to Cosine (StartFraction pi Over 4 EndFraction minus x) = StartFraction StartRoot 2 EndRoot Ove
    14·1 answer
  • A teacher has 15 students in his class, 8 girls and 7 boys. He wants to seat them in three rows of five, but knows that if any r
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!