An insurance company sells a particular motor policy only to the inhabitants of the two English cities,
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An insurance company sells a particular motor policy only to the inhabitants of the two English cities, Birmingham and Leicester. Sales of the policy have been successful with 10% and 25% of the populations of Birmingham and Leicester, respectively, having polices with the company. If the population of Birmingham is three times larger than that of Leicester, what fraction of policyholders live in Birmingham?
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Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
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