An insurance agency sells auto and home insurance policies, Ask an Expert

Economics

An insurance agency sells auto and home insurance policies and has 1000 clients. The data below show the distribution of the clients. 300 clients purchase only auto insurance policies 500 clients purchase both, auto AND home insurance policies 200 clients purchase only home insurance policies.

What is the probability of purchasing home insurance conditional on purchasing auto insurance, i.e. the conditional probability?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91924974

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