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Risky drivers: An automobile insurance company divides customers into three categories: good
risks, medium risks, and poor risks. Assume that of a total of 11,192 customers, 7749 are good
risks, 2500 are medium risks, and 943 are poor risks. As part of an audit, one customer is chosen
at random. Round your answers to four decimal places if necessary.
(a) What is the probability that the customer is a good risk?
(b) What is the probability that the customer is not a poor risk?

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Risky drivers An automobile insurance company divides custo.pdf

  • 1. Risky drivers: An automobile insurance company divides customers into three categories: good risks, medium risks, and poor risks. Assume that of a total of 11,192 customers, 7749 are good risks, 2500 are medium risks, and 943 are poor risks. As part of an audit, one customer is chosen at random. Round your answers to four decimal places if necessary. (a) What is the probability that the customer is a good risk? (b) What is the probability that the customer is not a poor risk?