A motor insurance company classifies its customers as good drivers (G) and bad drivers (B). 65% of
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A motor insurance company classifies its customers as good drivers (G) and bad drivers (B). 65% of the company’s customers are classified as G. The probability that a good customer makes a claim in any particular month is 0.02, while the same probability for a bad driver is 0.07. What is the probability that the last claim made to the company came from a good customer?
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Related Book For 
Introduction To Probability Volume 2
ISBN: 9781118123331
1st Edition
Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis
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