a car owner may buy insurance that will pay the full price of repairing the car after an accident, or save $12 a year by getting a policy with a $500 deductible. her insurance company says that bout 0.5% of drivers in her area haven an at-fault auto accidnet during any given year. based on this info, should she buy the policy with the deductible or not? how does the value of her car influence this decision?
2. Since the stick market began in 1872, stock prices have risen in about 73% of the years. assuming that market performance is independent from year to year, what's the probability that
a)the market will rise for 3 consecutive yrs?
b)the market will rise 3 yrs out of the next 5
c)the market will fall durimg the at least 1 of the next 5 years
d)the market will rise during a majority of the years over the next decade
2007-01-26 10:14:00 · 1 answers · asked by loope 1 in Science & Mathematics ➔ Mathematics
I've quit answering questions for people who just copy and paste the problem with no indication that they even attempted it.
2007-01-26 10:26:03 · answer #1 · answered by modulo_function 7 · 0⤊ 0⤋