Mathematics, 11.06.2020 01:57, tikirawallace

Assume that the probability of a driver getting into an accident is 4.2%, the average cost of an accident is $13,547.92, and the overhead cost for an
insurance company per insured driver is $130. What should this driver's
insurance premium be?

Assume that the probability of a driver getting into an accident is 4.2%, the

average cost of an

Answers: 1

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Assume that the probability of a driver getting into an accident is 4.2%, the average cost of an accident is $13,547.92, and the overhead cost for an insurance company per insured driver is $130. What should this driver's insurance premium be?

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Assume that the probability of a driver getting into an accident is 4.2%, the average cost of an accident is $13,547.92, and the overhead cost for an
insurance company per insured driver is $130. What should this driver's
insurance premium be?