Math Problem Statement
An insurance agent offers his clients auto insurance, homeowners’ insurance and renters’ insurance. The purchase of homeowners insurance and the purchase of renters insurance are mutually exclusive. The profile of the agent’s clients is as follows: a. 17% of the clients have none of these three products b. 64% of the clients have auto insurance c. Twice as many of the clients have homeowners’ insurance as have renters’ insurance d. 35% of the clients have two of these three products e. 11% of the clients have homeowners’ insurance, but not auto insurance. Calculate the percentage of the agent’s clients that have both auto and renters’ insurance.
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Set Theory
InclusionExclusion Principle
Formulas

Theorems
InclusionExclusion Principle
Suitable Grade Level
Advanced High School
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