SOLUTION: Number of claims 0 1 2 3 4 proportion of policies 0.91 0.07 0.012 0.006 0.002 what is the probability that a policy chosen at random will have at l

Question 736284: Number of claims 0 1 2 3 4
proportion of policies 0.91 0.07 0.012 0.006 0.002
what is the probability that a policy chosen at random will have at least one claim against it?

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Number of claims 0 1 2 3 4
proportion of policies 0.91 0.07 0.012 0.006 0.002
what is the probability that a policy chosen at random will have at least one claim against it?
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P(at least one) = 1 - P(no claims) = 1 - 0.91 = 0.09 or 9%
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Cheers,
Stan H.
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