Yusukefox
Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Assume that the probability of a driver getting into an accident is 8.6%, the
average cost of an accident is $16,886.05, and the overhead cost for an
insurance company per insured driver is $115. What should the driver's
insurance premium be?
A. $1442.99
B. $1276.27
C. $1565.48
D. $1166.91

Sagot :

danielagm210
- The answer is option B. The insurance company must request a premium of $ 1095.16
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.