Jamie’s school awarded 800 raffle tickets as incentives. The principal will draw one winning ticket. The winner will receive an
1 answer:
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Answer:
The answer is "0.765 and 0.2353".
Step-by-step explanation:
Please find the complete question in the attached file.
In point a:
P(a substantive term only)
P(major health insurance only)
P(both)
P(renewal) =P(insurance and renewal term only)+P (substantial and renewable health insurance only)+P (both and renew)
In point b:
In reality, the probability of having both life and major medical insurance provided the policyholder would renew next year