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Suppose you are comparing two claims, Claim A and Claim B.
Claim A: is from a 30 year-old who earns $60,000pa, claiming less than $5000 and 18 months after their last claim. The accident was reported to police, witness details were provided, and the accident took place on a weekday, with the car not driveable afterwards.
Claim B: is from a 50 year-old who earns $120,000pa, claiming less than $5000 and 18 months after their last claim. The accident was not reported to police, witness details were not provided, and the accident took place on a weekend, with the car driveable afterwards.
What is the predicted probability of fraud for Claim A? (Report to 4 decimal places)
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