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Assume that the probability of a driver getting into an accident is 6.3% the average cost of an accident is 14806.25 and the overhead cost for an insurance company per insured d…

Assume that the probability of a driver getting into an accident is 6.3% the average cost of an accident is 14806.25 and the overhead cost for an insurance company per insured d…
asked 171k views
5 votes
Assume that the probability of a driver getting into an accident is 6.3% the average cost of an accident is 14806.25 and the overhead cost for an insurance company per insured driver is 110 what should the drivers insurance premium be?

asked
User Vijrox
by
8.5k points

2 Answers

4 votes

Answer: 1042.79

Explanation:

answered
User Ventaquil
by
7.9k points
2 votes

Answer: $1042.79

Explanation:

just took the quiz

answered
User Luke Machowski
by
8.3k points
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