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A group of 100 people are categorized into 3 groups: very safe drivers, ok drivers, and unsafe drivers. The very safe drivers have auto maintenance

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A group of 100 people are categorized into 3 groups: very safe drivers, ok drivers, and unsafe drivers. The very safe drivers have auto maintenance costs of $25 per month, the ok drivers have auto maintenance costs of $60 per month and the unsafe drivers have auto maintenance costs of $110 per month. There are 40 very safe drivers, 50 ok drivers, and 10 unsafe drivers. What is the average (or premium) that the auto insurance company would have to collect per month per person? $21 $31 $41 $51 Question 4 (5 points) The adverse selection problem in health insurance markets arises from sellers of health insurance having more information about the health of its clients. True False

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