Answer:
55% or 0.55(as a decimal)
Step-by-step explanation:
40% of their clients buy auto insurance policies = P(A)
30% of their clients buy home insurance policies = P(H)
15% of their clients buy both home and auto insurance policies = P( A ∩ H)
The probability a randomly selected client buys a home or auto insurance policy = P (A ∪ H) is calculated as
P ( A ∪ H) = P(A ) + P ( H ) - P( A ∩ H)
= 40% + 30% - 15 %
= 70% - 15%
= 55%
Therefore, the probability that a randomly selected client buys a home or auto insurance policy is 55% or expressed as decimal = 0.55
