Question

A random sample of 1000 cars was selected from a list of cars for sale. Assuming this sample is similar to all cars driving on the road, what is the probability that a car involved in an accident has a value between $20001 and $30000? Round to the nearest thousandth (.001).

A) 0.157

B) 0.243

C) 0.312

D) 0.426

Answer 1

The information provided does not offer the necessary data to calculate the probability that a car involved in an accident has a value between $20,001 and $30,000. Additional data on car values and their distribution in accident cases would be required.

Step-by-step explanation:

The question is asking for the probability that a car involved in an accident has a value between $20,001 and $30,000. However, the information provided in the reference material does not give us the necessary data to calculate the probability directly. The example given is about the cost of damages due to accidents and the distribution of accident severity among a group of drivers, not the value of the cars involved. We would need additional information, specifically regarding the values of cars involved in accidents and how they are distributed within different value ranges, to answer the question correctly.