An insurance company has three types of annuity products: indexed annuity, fixed annuity, and variable annuity. You...

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An insurance companyhas three types of annuity products: indexed annuity, fixedannuity, and variable annuity. You are given:
None of the customers have both fixed annuity and variableannuity.
40% of the customers with fixed annuity also have indexedannuity.
Half of the customers with two annuity products have variableannuity.
60% of the customers have indexed annuity.
The number of customers who have only the variable annuity isthe same as the number of customers who have two annuityproducts.
All customers have at least one type of annuity.
Determine theproportion of the customers who only have the indexed annuity.

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3.7 Ratings (455 Votes)

Let I F and V denote the event of a customer having Indexed annuity fixed annuity and variable annuity respectively PF and V 0 Thus PV and F See Answer

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