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Mathematics 12 Online
OpenStudy (anonymous):

Assume that you have a car worth $7300 and you wish to insure it for its full replacement value if it is stolen. If there is a 2% chance that the car will be stolen, what would a fair premium price be? A. $133.94 B. $152.98 C. $148.98 D. $161.30

OpenStudy (kropot72):

2% of $7300 = $146 Therefore a premium of less than $146 would be fair. So the correct choice is A.

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