An Automobile Insurance Company Is in the Process of Reviewing

question 39

Essay

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 value of the premium charged to drivers under 25.According to company records,35% of the insured drivers are under the age of 25.The company records also show that 280 of the 700 insured drivers under the age of 25 had been involved in at least one automobile accident.On the other hand,only 130 of the 1300 insured drivers 25 years or older had been involved in at least one automobile accident.
-An accident has just been reported.What is the probability that the insured driver is under the age of 25?

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Definitions:

Music Concerts

Live performances of music in front of an audience, which can range from a single musical performer to an entire orchestra or band.

Universal Concerts

Events featuring music or performances that attract a globally diverse audience or are available for viewing across the world.

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A luxury and lifestyle travel magazine aimed at affluent readers, offering travel advice, reviews, and experiences.