Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average accident rate is 0.1, and the average expenses incurred on accidents is $38,000. The insurance plan has a yearly premium of $1,000 and a deductible of $4,000.
If after 4 years of insuring 100 people, 9 motorcycle drivers had an accident, where does the company stand after money has been taken in and paid out for this group of 100 insured people?
$85,500
-$36,000
$94,000
$58,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average accident rate is 0.1, and the average ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Common factor of 54z^3 and 18z and 36z^2
Answers (1)
The equation Tsquared=Acubed shows the relationship between a planet's orbital period, T, and the planet's mean distance from the sun, A, in astronomical units, AU.
Answers (2)
What is the area of a sheet of binder paper? (Binder paper is 8 1/2 inches by 11 inches.) 88 inches 88 1/2 in2 93 1/2 in2 94 in2
Answers (1)
Justin and tyson are beginning an exercise program to train for football season. Justin weighs 150 pounds and hopes to gain 2 pounds per week. Tyson weighs 195 pounds and hopes to lose 1 pound per week.
Answers (2)
An elevator descends into a mine shaft at the rate of 6 m/min. If the descendstarts from 20 meter above the ground level, how long will it take to reach - 340m?
Answers (1)
New Questions in Mathematics
Form a bi-conditional statement using p: an angle is reflex and q: an angle measures 180 < x < 360, using "if and only if"
Answers (2)
Why is 296 divided by 6 equals 48 remainder 8
Answers (1)
Which expression is equivalent to 1/2 (2n+6) ?
Answers (2)
3 more than a number x
Answers (2)
Of the 10 contestants in a televised quiz competition, 2 were eliminated during this week's show, and 2 more will be eliminated during next week's show.
Answers (1)