Kenneth S. answered • 06/27/17
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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018
Probability of accident in month M = # claims in month M divided by the number of vehicles* covered by this auto insurance company in that month. Since we're not told the latter figures (total # covered ea. mo.), the question is questionable.
* I've taken the liberty of assuming that this data pertains to automobiles.
Kenneth S.
Kendall, your recent elaboration means that the question should have been stated as something like this:
For a randomly selected claim, what are the probabilities that the claim would have been originated in January (or Feb or Mar, etc). That's simple. P(Jan) = 414 ÷ total # of claims submitted in that particular year (I've not bothered to add up the twelve values supplied by you).
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06/28/17
Kendall K.
06/28/17