Part 2 of 2 100 points Points: 0 of 10 Save Suppose that the loss is $4,000 if an old car is in an accident. During the six-month coverage period, the probability that the insured person is found at fault in an accident is Suppose that the price of the coverage is $150. 1 36 Should a wealthy person purchase the coverage? A. Yes, the expected loss over the term is $111.00 hence the coverage is justifiable. B. No, wealthy people never choose insurance, they can always replace the item that is lost. C. No, the expected loss over the term is $111.00, hence the coverage is not justifiable. D. No, the expected loss over the term is $103.00, hence the coverage is not justifiable. Should a poor person purchase the coverage? A. Yes, because person cannot afford to replace the car. B. Yes, poorer people always need insurance, they can never replace the item that is lost. C. No, the expected loss over the term is $103.00, hence the coverage is not justifiable. D. No, the expected loss over the term is $111.00, hence the coverage is not justifiable. my instructor Clear all Final check