Ask
your own question, for FREE!
Mathematics
8 Online
OpenStudy (anonymous):
Assume that you have a car worth $7,150 and you wish to insure it for its full replacement value. If there is a 2% chance that the car will be stolen, what would a fair premium price be?
Still Need Help?
Join the QuestionCove community and study together with friends!
OpenStudy (anonymous):
sorry for write this message to send u i don't know how to reply to u answer dear friend
OpenStudy (tkhunny):
Fair Premium? No idea. FAR, FAR too little information for that. 7150 * 0.02 = 143 $143 is the cost of the expected insurance claim. An insurance company will have to charge more than than in order to stay in business.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Maci:
what are the best stock apps for people who want to start investing?
Twaylor:
genuienly how do i get better self control i keep watcing youtube and theres this
IzzyCookie:
|dw:1792074056138:dw| Uhm, I don't know where to ask this, but I'm in college welding at my community college, and I need help learning vertical welding for
thehearken:
not sure if this is considered spam, im sorry if it is, but does anyone have tips
Maci:
what are the best stock apps for people who want to start investing?
3 days ago
3 Replies
2 Medals
Twaylor:
genuienly how do i get better self control i keep watcing youtube and theres this
6 days ago
3 Replies
0 Medals
IzzyCookie:
|dw:1792074056138:dw| Uhm, I don't know where to ask this, but I'm in college welding at my community college, and I need help learning vertical welding for
1 day ago
9 Replies
1 Medal
thehearken:
not sure if this is considered spam, im sorry if it is, but does anyone have tips
1 week ago
2 Replies
1 Medal
