Question

**You are the Claims Manager for a large auto insurance
firm. You know the following facts:**

**• 25% of your policy-holders are younger (age 16-34).
Within this group, 55% are men and 45% are women. Only some of
these policy holders make an accident claim. The men have a 10%
probability of making a claim, while the women have a 5%
probability of making a claim.**

**• 50% of your policy-holders are middle-aged (ages
35-59). Of these, 50% are men and 50% are women. Only some of these
policy holders make an accident claim. The men and women within
this age group have 4% and 3% probabilities of making a claim,
respectively.**

**• 25% of your policy-holders are older (ages 60 and
above). Of these, 55% are women and 45% are men. Only some of these
policy holders make an accident claim. The men and women each have
a 2% probability of making a claim.**

**(a) What is the probability that a policy-holder who
makes a claim is in the “16-34” age group?**

**(b) What is the probability that a policy-holder who
does not make a claim is in the “60 and above” age
category?**

**I NEED THE ANSWER IN STEP BY STEP PLEASE**

Answer #1

please rate my answer and comment for doubts.

You are the Claims Manager for a large auto insurance firm. You
know the following facts:
25% of your policy-holders are younger (age 16-34). Within this
group, 55% are men and
45% are women. Only some of these policy holders make an
accident claim. The men have a
10% probability of making a claim, while the women have a 5%
probability of making a claim.
50% of your policy-holders are middle-aged (ages 35-59). Of
these, 50% are men and 50%...

You are the Claims Manager for a large auto insurance firm. You
know the following facts:
25% of your policy-holders are younger (age 16-34). Within this
group, 55% are men and
45% are women. Only some of these policy holders make an
accident claim. The men have a
10% probability of making a claim, while the women have a 5%
probability of making a claim.
50% of your policy-holders are middle-aged (ages 35-59). Of
these, 50% are men and 50%...

You are the Claims Manager for a large auto insurance firm. You
know the following facts: • 25% of your policy-holders are younger
(age 16-34). Within this group, 55% are men and 45% are women. Only
some of these policy holders make an accident claim. The men have a
10% probability of making a claim, while the women have a 5%
probability of making a claim. • 50% of your policy-holders are
middle-aged (ages 35-59). Of these, 50% are men...

You are the Claims Manager for a large auto insurance firm. You
know the following facts: • 25% of your policy-holders are younger
(age 16-34). Within this group, 55% are men and 45% are women. Only
some of these policy holders make an accident claim. The men have a
10% probability of making a claim, while the women have a 5%
probability of making a claim. • 50% of your policy-holders are
middle-aged (ages 35-59). Of these, 50% are men...

Question 1: You are the Claims Manager for a large auto
insurance firm. You know the following facts: • 25% of your
policy-holders are younger (age 16-34). Within this group, 55% are
men and 45% are women. Only some of these policy holders make an
accident claim. The men have a 10% probability of making a claim,
while the women have a 5% probability of making a claim. • 50% of
your policy-holders are middle-aged (ages 35-59). Of these, 50%...

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Back in 1999, President Bill Clinton announced the commitment of
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I need to know if this is right or left tailed and what
the P-Value is!
For the following, Use the five-step approach to hypothesis
testing found on page 8-16. It states. You can use excel to compute
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