Probability
If P(A)=.25 and P(B)=.34, what is P(A and B) if A and B are independent
What is .085
An insurance company charges $900 annually for auto policies for teens. The policy specifies the company will pay $1500 for a minor accident and $8000 for a major accident. If the probability of a teenager having a minor accident during the year is .15 and of having a major accident is .05, how much can the insurance company expect to make on 10 policies.
What is $2750