tag:blogger.com,1999:blog-15628310.post1795675078598169417..comments2019-10-14T19:41:27.230-04:00Comments on Question of the day: Insurance RatesUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15628310.post-85268397526942989062007-08-27T10:29:00.000-04:002007-08-27T10:29:00.000-04:00Anon has the right idea, but he has a Typo in his ...Anon has the right idea, but he has a Typo in his solution:<BR/><BR/>High: 20%X .25 = .05<BR/><BR/>Otherwise, good job.Mr. Donhttps://www.blogger.com/profile/04844019232053683131noreply@blogger.comtag:blogger.com,1999:blog-15628310.post-26166512815891351022007-08-27T10:13:00.000-04:002007-08-27T10:13:00.000-04:00I came up with 14.8%. I took the weighted average...I came up with 14.8%. I took the weighted averages of the probabilities based on percentage of clientelle in that category.<BR/><BR/>High: 20% X .20= .05<BR/>Med: 30% X .16= .048<BR/>Low: 50% X .10= .05<BR/><BR/>The sum of these probabilities is .148, or 14.8%.Anonymousnoreply@blogger.com