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QUESTION
An insurance company divides its customers into 2 groups. twenty percent are in the high-risk group, and eighty percent are in the low-risk group. the high-risk customers make an average of 1 accident
An insurance company divides its customers into 2 groups. twenty percent are in the high-risk group, and eighty percent are in the low-risk group. the high-risk customers make an average of 1 accident per year while the low-risk customers make an average of 0.1 accidents per year. eric had no accidents last year. what is the probability that he is a high-risk driver?
