An auto insurance company classifies policy, Applied Statistics

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An auto insurance company classifies policy

An auto insurance company classifies policy holders into three equal-sized risk categories: good, average, bad. In a given year the probability of having an accident for each of the risk categories is 5%,10%,25% respectively. If a person did not have an an accident last year what is the probability that she was placed in the good risk category

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Applied Statistics: An auto insurance company classifies policy

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