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ABC Auto Insurance classifies drivers as good, medium, or poor risks. Drivers who apply to them for insurance fall into these three groups in the...

 ABC Auto Insurance classifies drivers as good, medium, or poor risks. Drivers who apply to them for insurance fall into these three groups in the proportions 30%, 50%, and 20%, respectively. The probability a “good” driver will have an accident is .01, the probability a “medium” risk driver will have an accident is .03, and the probability a “poor” driver will have an accident is .10. The company sells Mr. Brophy an insurance policy and he has an accident. What is the probability Mr. Brophy is:

 Probability

 b. A “medium” risk driver? (Round your answers to 3 decimal places.)

 Probability

 Probability

a) P(good driver/accident) = P(good driver &amp; accident)/P(accident) P(accident occuring) =... View the full answer

A good driver = 0.3(30/100) A “medium” risk driver =0.5(50/100) A poor”... View the full answer

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