Final answer:
The estimated cost of intersection-related crashes in America in a year is $186,000.
Step-by-step explanation:
The estimated cost of intersection related crashes in America in a year can be calculated based on the information provided. The total number of fatal motor vehicle traffic crashes in the United States from 1994 to 2011 is given in Table 1.19. The sum of the crash totals for each year is 653,782.
If we assume that the insurance company collects $1,860 premium from each of the 100 drivers, then the insurance company will collect $186,000 per year. This amount is needed to cover the costs of the accidents that occur.
Therefore, based on the given data and assumptions, the estimated cost of intersection-related crashes in America in a year is $186,000.