6. Assume that the probability of a driver getting into an accident is 6.4%, the average cost of an accident is $13,991.05, and the overhead cost for an insurance company per insured driver is $95.
What should this driver's insurance premium be?

This driver's insurance premium should be at least $990.43.

Step-by-step explanation:

We are given that the probability of a driver getting into an accident is 6.4%, the average cost of an accident is $13,991.05, and the overhead cost for an insurance company per insured driver is $95.

As we know that the expected cost that the insurance company has to pay for each of driver having met with the accident is given by;

The Expected cost to the insurance company = Probability of driver getting into an accident Average cost of an accident

So, the expected cost to the insurance company =

                                                                                  = $895.43

Also, the overhead cost for an insurance company per insured driver = $95. This means that the final cost for the insurance company for each driver = $895.43 + $95 = $990.43.

Hence, this driver's insurance premium should be at least $990.43.

the infinity sign

step-by-step explanation:

a. (14,375+570)(5.3) b. 158,417$

step-by-step explanation:

a. you are basically just setting up the equation. f= amount of debt hence 14,375. g= how much she is borrowing from her parents weekly hence 570 and t= the interest on her debt. creating the equation.

b.   14,375+570= 14,945

      14,945 x 5.3 = 79,208.5

      79,208.5 x 2(years) = 158,417(answer)