In any given year, a male automobile policyholderwill make
Chapter 3, Problem 3.46(choose chapter or problem)
In any given year, a male automobile policyholderwill make a claim with probability pm and a femalepolicyholder will make a claim with probability pf ,where pf Z pm. The fraction of the policyholdersthat are male is , 0 < < 1. A policyholder israndomly chosen. If Ai denotes the event that this policyholder will make a claim in year i, show thatP(A2|A1) > P(A1)Give an intuitive explanation of why the precedinginequality is true.
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