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A large life insurance company is interested in studying the insurance policies held by married couples. In particular, the insurance company is interested in the

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A large life insurance company is interested in studying the insurance policies held by married couples. In particular, the insurance company is interested in the amount of insurance held by husbands and wives. The insurance company collects data for all of its 1000 policies where both the husband and the wife are insured. The results are summarized in the following table. Life Insurance Coverage Amount of Life Insurance on Husband (S) 0 - 50,000 50,000 - 100,000 More than 100,000 - 150.000 150,000 0 - 50,000 400 200 50 50 Amount of Life 50,000 - 100,000 50 50 BO 30 Insurance on Wife 100,000 - 150,000 20 10 25 25 ($) More than 150,000 20 10 15 15 Copy Data Step 2 of 2 : For a randomly selected policy, what is the probability that the wife will not have more than $150,000 of insurance? Round your answer to three decimal places, if necessary

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