A large life insurance company is interested in studying the insurance polcies held by married...
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Accounting
A large life insurance company is interested in studying the insurance polcies held by married couples, In particular, the insurance company is interested in the amount of insurance held by hustornds and wives. The insurance company collects data for all of its 1000 pollcies where both the husband and the wife are insured. The results are summarized in the following table: Step 2 of 2: For a randomly selected policy, what is the probability that the wife will have between $50,000 and $100,000 of insurance or the hustand will have more than $150,000 of insurance? pound your answer to three decimal places, if necessary
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