Find the Indicated Probability

question 49

Multiple Choice

Find the indicated probability. Round to three decimal places.
-A car insurance company has determined that 8% of all drivers were involved in a car accident last year. Among the 14 drivers living on one particular street, 3 were involved in a car accident last year. If 14 drivers are randomly selected, what is the probability of getting 3 or more who were involved in a car accident last year?

• A) 0.074
• B) 0.926
• C) 0.407
• D) 0.096

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Definitions:

Trustor

An individual or entity that places confidence or trust in another, often within the context of a relationship or transaction.

Sustaining Trust

Maintaining confidence and reliability in relationships or systems over time.

Transactional Negotiation

involves a bargaining process primarily focused on the exchange of goods, services, or terms where the relationship between parties is secondary to the deal itself.

Dependence Dynamics

The varying degrees and forms of reliance between entities, affecting their interactions and power balance.