An insurer is studying the characteristics of those who buy its policies. It discovered that, among young
Question:
An insurer is studying the characteristics of those who buy its policies. It discovered that, among young drivers, 45% insure a foreign-made car. Among those who drive foreign-made cars, the insurer also discovered that 45% are young. Consider the events.
Y = {randomly chosen driver is young}
F = {randomly chosen driver insures foreign@made car} Does the equality of these percentages mean that
Y and F are independent events?
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No The statement of the question first gives P FY 045 and then P YF 045 In order ...View the full answer
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Related Book For 
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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