Mathematics, 05.06.2020 08:58, ajacobsen

Assume that the probability of a driver getting into an accident 5.3% and the average cost of an accident is $16,806.25 and the overhead cost for an insurance company per insured driver is $110 what should be the driver's insurance premium? A. $1,042.79 B. $1,242.93 C. $1,166.91 D.$1,000.73

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Assume that the probability of a driver getting into an accident 5.3% and the average cost of an acc...