An Auto Insurance Company Was Interested in Investigating Accident Rates

question 14

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 is aged over 45 and has had no accidents in the past three years.

• A)0.382
• B)0.089
• C)0.484
• D)0.537
• E)0.789

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Definitions:

Renal Flow

The rate of blood flow through the kidneys, essential for the filtration of blood.

Filtration Rate

The speed at which substances are filtered, usually referencing the glomerular filtration rate in the kidneys.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in business transactions.

Sole Proprietorship

A business structure in which a single individual owns and operates the business, bearing full responsibility for its debts and obligations.