What is the probability that a type one furnace is in home

Reference no: EM131017662

An underwriter of home insurance policies studies the problem of home fires resulting from wood-burning furnaces. Of all homes having such furnaces, 30% own a type 1 furnace, 25% a type 2 furnace, 15% a type 3, and 30% other types. Over 3 years, 5% of type 1 furnaces, 3% of type 2, 2% of type 3, and 4% of other types have resulted in fires. If a fire occurs in a particular home, what is the probability that a type 1 furnace is in the home?

Reference no: EM131017662

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