What is the probability


ABC Auto Insurance classifies drivers as good, medium or poor risks. Drivers who apply to them for insurance fall into these three groups in the proportions 30%, 50% and 20 respectively. The probability a good driver will have an accident is .01 a mediium driver is .03 and a poor driver is.10. Mr. Brophy buys insurance from ABC and has an accident What is the probability that Mr. Brophy.

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Accounting Basics: What is the probability
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