Navigating High Risk Commercial Auto Insurance Needs
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An insurance company classifies drivers as low-risk, medium-risk, and highrisk. Of those insured, 60 % are low-risk, 30 % are medium-risk, and 10 % are high-risk. After a study, the company finds that during a 1 -year period, 1 % of the low-risk drivers had an accident, 5 % of the medium-risk drivers had an accident, and 9 % of the high-risk drivers had an accident. If a driver is selected at random, find the probability that the driver will have had an accident during the year. | Numerade
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