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An Automobile Insurance Company Is in the Process of Reviewing

question 52

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An automobile insurance company is in the process of reviewing its policies.Currently,drivers under the age of 25 have to pay a premium.The company is considering increasing the premium charged to drivers under 25.According to company records,35 percent of the insured drivers are under the age of 25.Company records also show that 280 of the 700 insured drivers under the age of 25 have been involved in at least one automobile accident.On the other hand,only 130 of the 1300 insured drivers 25 years or older has been involved in at least one automobile accident.
What is the probability that an insured driver of any age will be involved in an accident?


Definitions:

Primary Emotions

Basic emotions that are hard-wired into the human brain, universally experienced and recognized across cultures, such as joy, anger, fear, and sadness.

Secondary Emotions

Complex emotional reactions that develop based on one’s feelings about primary emotions, such as shame about feeling fear.

Social Emotion

Emotions that require self-reflection and evaluation of one's relationship with society, such as guilt, shame, or pride.

Surprise

A sudden and unexpected event or piece of information.

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