http://www.thecarinsurance.net/i-need-help-on-probability-and-statistics.html car insurance Tue, 17 Aug 2010 18:12:21 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.thecarinsurance.net/i-need-help-on-probability-and-statistics.html/comment-page-1#comment-3998 kitten Thu, 11 Mar 2010 05:39:29 +0000 http://www.thecarinsurance.net/i-need-help-on-probability-and-statistics.html#comment-3998 P(L) = .6 P(M) = .3 P(H) = .1 P(A|L) = .01 P(A|M) = .05 P(A|H) = .09 Using the formula of total probability, P(A) = P(A|L)P(L) + P(A|M)P(M) + P(A|H)P(H) = (.01)(.6) + (.05)(.3) + (.09)(.1) = .03 P(L) = .6 P(M) = .3 P(H) = .1
P(A|L) = .01 P(A|M) = .05 P(A|H) = .09
Using the formula of total probability,
P(A) = P(A|L)P(L) + P(A|M)P(M) + P(A|H)P(H)
= (.01)(.6) + (.05)(.3) + (.09)(.1)
= .03

]]> http://www.thecarinsurance.net/i-need-help-on-probability-and-statistics.html/comment-page-1#comment-3997 John S Thu, 11 Mar 2010 05:01:41 +0000 http://www.thecarinsurance.net/i-need-help-on-probability-and-statistics.html#comment-3997 60% * 1% + 30% * 5% + 9% * 10% = (.6 * .01) + (.3 * .05) + (.1 * .09) = .006 + 0.015 + 0.009 = .03 * 100 = 3% 60% * 1% + 30% * 5% + 9% * 10% =
(.6 * .01) + (.3 * .05) + (.1 * .09) =
.006 + 0.015 + 0.009 = .03 * 100 = 3%

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