An insurer models claims from two policies in the same household as independent. Each policy has probability 0.08 of producing a claim in one year.
Under the model, find the probability of at least one claim.
In practice, events such as flooding can affect both policies. Explain the likely effect on the probability of two claims compared with the independent model.
State one refinement to the model.
164 exam-style questions on WJEC A Level Maths 4.1 Probability (A-level only), covering 4.1.1 Probability (A-level only), 4.1.2 Probability (A-level only), and 4.1.3 Probability (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.