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Probability that the individual has a medium auto deductible

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Reference no: EM131812303

Question: An insurance company offers four different deductible level- none(N), low(L), medium(M), and high (H) for its homeowner's policyholders, and three different for its automobile policyholders. Given the following random sample of policyholders.

Home

Auto

N

L

M

H

L

40

60

50

30

M

70

100

200

100

H

20

30

150

150

- What is the probability that the individual has a medium auto deductible and a high homeowner's deductible?

- What is the probability that the individual has a medium auto deductible?

- What is the probability that the individual has a high homeowner's deductible?

- What is the probability that the individual is in the same category for both auto and homeowner's deductibles?

- What is the probability that the individual is in two different categories?

Reference no: EM131812303

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