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Math · Statistics And Probability
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An insurance company issues life insurance policies in three separate categories: standard, preferred, and ultra-preferred. Of the companys policyholders, 50% are standard, 40% are preferred, and 10% are ultra-preferred. Each standard policyholder has probability 0.010 of dying in the next year, each preferred policyholder has probability O.005 of dying in the next year, and each ultra- preferred policyholder has probability O.001 of dying in the next year A policyholder dies in the next year. What is the probability that the deceased policyholder was ultra-preferred? OA) 0.0001 B) 0.0010 c) 0.0071 D) 0.014:1 OE) 0.2817

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