Business, 01.07.2020 15:01 chrisraptorofficial
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: 3
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Cameron is choosing a car insurance plan. Based on his driving history and traffic where he lives, C...
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