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In: Statistics and Probability

How do you apply probability to buying car insurance when you live in a very heavy...

How do you apply probability to buying car insurance when you live in a very heavy deer populated area? How does probability help the overall situation?

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Expert Solution

If an individual wants to buy a car insurance when he lives in a very heavy deer populated area, they would often want to know the past accident history rate of that area, i.e., the probability of the accident occuring in the area. Based on the same, the individual would take a decision whether or not they want to buy the car insurance.

Probability plays a major role in this situation as it can help the individual in taking this decision that can help them in the future financially.

orchestra answered 2 years ago
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