Given the following information regarding premiums and deductible levels, what statement best describes the relation of Total Expected Cost (TEC)? ed 1.00 on Deductible Premium Expected Frequency $500 0.25 $0 425 0.25 100 Option A: Option B: Option C: Option D: 350 0.25 250 275 0.25 500 Select one: a. Option D has the lowest TEC, and Option A the highest. O b. Option C has the lowest TEC, and Option D the highest. c. Option D has the lowest TEC, and Option B the highest. O d. Option B has the highest TEC, and Option D the lowest. e. Option A has the highest TEC, and Option C the lowest. EM