Below are the costs for different insurance plans for 2 companies. Pick the row that best describes your driving habits: Prior Accidents, Prior Traffic Tickets, or Clean Record. Calculate the total cost for each insurance plan for your specific history, state the company you would choose, and explain why. (If you do not have your driver's license, then you may ask a parent or another adult how they would best describe their driving habits.) COMPANY A If You Have Prior Accidents: Yearly Cost $3300: $500 Deductible COMPANY B If You Have Prior Accidents: Yearly Cost $3000: $500 Deductible Costs Probability Costs Nothing Happens: 25% Nothing Happens: Probability 25% Minor Accident: 45% Minor Accident: 40% Major Accident: 30% Major Accident: 35% If You Have Prior Traffic Tickets: Yearly Cost $2300: $600 Deductible If You Have Prior Traffic Tickets Yearly Cost $2300: $500 Deductible Costs Probability Costs Probability No Claims- 60% No Claims: 55% Minor Accident: 30% Minor Accident: 32% Major Accident: 10% Major Accident: 13% If You Have No Prior History: Yearly Cost $2000; $500 Deductible If You Have No Prior History: Yearly Cost $2000; $600 Deductible Costs Probability Costs No Claims: 93% No Claims: Probability 90% Minor Accident: 6% Minor Accident: 8% Major Accident: 1% Major Accident: 2% Helpful Information: The yearly cost is something you will have to pay no matter what. The deductible is something you will have to pay if you have any type of accident (major or minor). Use this information to create probability distributions for each company and your chosen driving record to help you answer the question below. Which company would you choose and why? Be sure to show all of your calculations that lead to your decision.