Cameron is choosing a car insurance plan. Based on his driving history and traffic where he lives, Cameron estimates that there is a 25% chance
he will have a car collision this year. In each plan, the insurance will cover the full cost of the collision after the deductible is paid.
Which plan detailed in the table is most likely to save Cameron the most money, based on expected value?
Plan
Deductible
Collision
Comprehensive
Premium Total
А
$300
$525
$239
$764
$500
$460
$215
$675
C
$1.000
$375
$185
$2.500
$300
$136
$436
plan A
plan B
plan c
plan D
Each plan is likely to save Cameron the same amount of money.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cameron is choosing a car insurance plan. Based on his driving history and traffic where he lives, Cameron estimates that there is a 25% ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Why do you believe large companies and high tech companies prefer or even require electronic résumés? If you were in charge of reviewing résumés, why type would you prefer to receive? Why?
Answers (2)
Managers at adidas had a hunch that their sponsorship deal with the yankees would be a good one. their feelings were based on what concept?
Answers (1)
Contracts are really only used for business, most people do not have contracts for their personal finances A B. True False Reset Next
Answers (2)
Colbert operates a catering service on the accrual method. In November of year 1 Colbert received a payment of $9,000 for 18 months of catering services to be rendered from December 1st of year 1 through May 31st of year 3.
Answers (1)
Shared decision making is always a positive strategy to take? True or false
Answers (2)
New Questions in Business
The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $295 each. The company has a 30% income tax rate.
Answers (1)
The person who receives financial protection from a life insurance plan is called a what?
Answers (1)
In 1990, Roche, a Swiss pharmaceutical company, initially invested $2.1 billion to purchase a controlling interest in the biotech startup Genentech.
Answers (1)
Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%
Answers (1)
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. Refer to Exhibit 6-4.
Answers (1)