An Automobile Insurance Company Is in the Process of Reviewing

question 89

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.
What is the probability that an insured driver of any age will be involved in an accident?

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Definitions:

Social Support

The psychological and material resources provided by a social network to help individuals cope with stress.

Paraplegic Patient

An individual who has lost the ability to move or feel both legs (and sometimes part of the trunk) due to spinal cord injury or disease.

Electrolyte Imbalance

A condition where the levels of electrolytes (minerals such as sodium, potassium, and calcium) in the body are either too high or too low, affecting bodily functions.

Tertiary Prevention

Interventions designed to manage and alleviate the symptoms of an already diagnosed disease or to prevent disease progression and complications.