An Auto Insurance Company Was Interested in Investigating Accident Rates

question 42

Multiple Choice

An auto insurance company was interested in investigating accident rates for drivers in different age groups.The following table was based on a random sample of drivers and classifies drivers by age group and accident rate.
Suppose one of these people is selected at random.Compute the probability that the person has had more than one accident in the past three years.

• A)0.232
• B)0.240
• C)0.061
• D)0.025
• E)0.301

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Definitions:

Consistency

The degree to which a person, process, or entity remains unchanged over various conditions or over time.

Skill

The ability to perform tasks with expertise, typically acquired through practice or training.

Downward Move

Assignment of an employee to a position with less responsibility and authority.

In-basket Exercises

A simulation exercise used in assessment centers, mimicking the workload and decision-making challenges faced in a job.