Insurance companies collect annual payments from drivers in exchange for paying for the cost of accidents. a)
Question:
a) Why should you be reluctant to accept a $ 1500 payment from your neighbor to cover his automobile accidents in the next year?
b) Why can the insurance company make that offer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
a It would be foolish to insure your neighbor against au...View the full answer
Answered By
Talha Talib
I am a member of IEEE society. As i am a student of electrical engineering badge 17 but beside of this i am also a tutor in unique academy. I teach calculus, communication skills, mechanics and economics. I am also a home tutor. My student Muhammad Salman Alvi is a brilliant A-level student and he performs very well in academics when i start to teach him. His weak point was mathematics but now he is performing well in mathematics. I am a scholarship holder in Fsc as i scored 1017 marks in metric out of 1100. Later on i got scholarship in Punjab Group of Colleges. I got 2nd position in robotics competition in 2018 as my project home automation select for the exhibition in Expocentre.
4.60+
23+ Reviews
62+ Question Solved
Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Question Posted:
Students also viewed these Statistics questions
-
Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down. a) Why should you be reluctant to accept a $300 payment from your neighbor to...
-
Automobile insurance is much more expensive for teenage drivers than for older drivers. To justify this cost difference, insurance companies claim that the younger drivers are much more likely to be...
-
Insurance companies charge young drivers more for automobile insurance because they tend to have more accidents than older drivers. To make this point, an insurance representative first determines...
-
State the degree and leading coefficient of the polynomial f(x) = 4 + x = 2x 2 - 7x 3 .
-
In 1990, the ratio of people age 65 or older to people ages 20 to 64 in the United Kingdom was 26.7 percent. In the year 2050, this ratio is expected to be 45.8 percent. Assuming a payas you go...
-
The petty cash fund had the following petty cash ticket: Toner for a printer....................................................................... $ 42 Freight to deliver goods...
-
1.7 Limitations of Comparative Advantage. The key to understanding most theories is what they say and what they don't. Name four or five key limitations to the theory of comparative advantage.
-
Assume the same facts as in E 11 for Perfection Sound, Inc. Management has decided that only capital investments that yield at least a 20 percent return will be accepted. Using the accounting...
-
1.) The following statements about bonds are all correct, EXCEPT.... The par value of a bond is the amount of principal to be repaid at maturity Not all bonds have coupon payments Institutions and ...
-
1, Assuming that VMD MIC competitors have an accurate costing system, what are the characteristics of jobs (services) that VMD MIC is likely to win vs. lose to their competitors? Provide a graph...
-
Commercial airplanes have an excellent safety record. Nevertheless, there are crashes occasionally, with the loss of many lives. In the weeks following a crash, airlines often report a drop in the...
-
On February 11, 2009, the AP news wire released the following story: (LAS VEGAS, Nev.)A man in town to watch the NCAA basketball tournament hit a $38.7 million jackpot on Friday, the biggest slot...
-
You are considering three stocks with the following expected dividend yields and capital gains: a) What is the expected return on each stock? b) How may transactions costs and capital gains taxes...
-
A homeowner borrowed $6600 for landscaping. He signed a 90-day note on May 6 at 12 and one fourth % interest. Find the due date and the maturity value. Question content area bottom Part 1 The due...
-
A friend from Europe asks what the length of a 1 0 0 - yd football field would be in meters. After doing the conversion, what would you tell her?
-
Why do the vast majority (if not all) US listed companies make use of leverage, or debt? List three fundamental reasons for this phenomenon and benefits to accessing credit in the loan and capital...
-
the same current. 9) A transformer has an efficiency of 80 % and works at 100 V and 4 kW. If the secondary voltage is 240 V, Calculate the primary and secondary currents. 10) A coil of wire of 500...
-
You want to buy a house financed with a 15-year fixed-rate mortgage. The best interest rate you could find is 10% APR. Payments are made monthly, so the APR should be assumed to be a simple interest...
-
Preference decisions compare potential projects that meet screening decision criteria and will be ranked in their preference order to differentiate between alternatives with respect to all of the...
-
For each equation, (a) Write it in slope-intercept form (b) Give the slope of the line (c) Give the y-intercept (d) Graph the line. 7x - 3y = 3
-
A student of the author listed his adult friends, and then he surveyed a simple random sample of them. What is the population from which the simple random sample was selected? Are the results likely...
-
The author conducted a survey of the students in all of his classes. He asked the students to indicate whether they are left-handed or right-handed. Is this convenience sample likely to provide...
-
Bayer HealthCare LLC produces low-dose aspirin pills designed to contain 81 mg of aspirin. Because each pill contains other ingredients, including corn starch, talc, and propylene glycol, it is...
-
Unit sales Contribution margin per unit Product X Product Y Product Z 2,000 $ 30 4,000 $ 20 4,000 $ 10 The average contribution margin for Company A is: Multiple Choice $18 per unit. $20 per unit....
-
When calculating earnings per share, a preferred dividend will affect the value of the numerator. True or false
-
In social responsibility reporting, the income statement bottom line is expanded to include financial, social and environmental performance, This standard is being only used in community government...
Study smarter with the SolutionInn App