Question
1. At the beginning of 2009, Gabriela had to decide between the two car insurance plans shown below, and she chose plan B. Plan A:
1.At the beginning of 2009, Gabriela had to decide between the two car insurance plans shown below, and she chose plan B.
Plan A:
Comprehensive Deductible: $435
Collision Deductible: $480
Premium of $695 for 6 months
Plan B:
Comprehensive Deductible: $490
Collision Deductible: $555
Premium of $220 for 2 months
Help Jebecca determine if she chose the right plan by answering the following questions.
Part I: In February 2009, Jebecca caused $600 worth of damage to her vehicle when she inadvertently backed into someone's fence. How much would Jebecca have had to pay under plan A? How much did she pay under plan B?
Part II: A few months later, Jebecca was involved in an accident with another driver, and it was Jebecca's fault. The other driver had to go to a chiropractor to treat a stiff neck, and the bill was $710. How much would Jebecca have had to pay towards the driver's medical costs under plan A? How much did she pay under plan B?
Part III: How much would Jebecca have had to pay for a year's worth of premiums under plan A? How much did she pay under plan B?
Part IV: Assuming that Jebecca was not involved in any mishaps in 2009 other than those described in Parts I and II, how much in total would she have paid under plan A for the year?
Part V: Assuming that Jebecca was not involved in any accidents in 2009 other than those described in Parts I and II, how much in total did she pay under plan B for the year?
Part VI: If all Jebecca cares about is getting the lowest price, did she choose the right plan for 2009?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Part I Under Plan A Jebeccas Comprehensive Deductible is 435 and in this case she damaged her vehicl...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
663e9dc292e81_953969.pdf
180 KBs PDF File
663e9dc292e81_953969.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started