00:01
Given in the question is that an insurance company provides three kinds of insurances for cars, liability, comprehensive and collision.
00:12
It is also given that 70 % of cars are insured under liability and the number of comprehensive insurances are toive the collagen insurances and and a comprehensive insurance.
00:40
Comprehensive insured car is thrice likely to meet an accident then a car that is insured for liability so accident given comprehensive so this probability that accident given the car is comprehensive insured is equal to thrice the probability of accident given the car is insured under liability and the probabilities of comprehensive and collagen insured cars to be meeting an accident are equal.
01:23
So probability of accident given collision is equal to probability of accident given comprehensive insurance.
01:40
The probability of a car meeting an accident in an year is 1 by 600.
01:49
We need to find the probability of a comprehensive insured car involving involving in an accident.
02:03
So it is given in the question is the probability that a car is insured under liability is 0 .70.
02:14
It is also given that the probability of a car being comprehensive insured is toys as the probability of a car being collision insured.
02:33
So 0 .7 is the probability of a car being insured with liability.
02:37
What remains is 0 .30.
02:41
That has to be distributed for the cars with comprehensive insurance and the cars with collision insurance.
02:47
Now this is the equation that we have...