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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…
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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 driver is 110 what should the drivers insurance premium be?

User Vijrox
by
8.5k points

2 Answers

4 votes

Answer: 1042.79

Explanation:

User Ventaquil
by
7.9k points
2 votes

Answer: $1042.79

Explanation:

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User Luke Machowski
by
8.3k points
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