1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kaylis [27]
2 years ago
9

Bikul has just started a great job and plans to buy a fancy car worth $100,000. Bikul is risk-averse in money matters, but he li

kes to drive fast, so the probability that he wrecks the car (a total loss of $100,000) is 0.10. The probability that he has no accidents is 0.90. If an insurance company offers Bikul a fair insurance policy, the premium will be:
Select one:

a. $90,000.

b. It is impossible to calculate a premium unless we know Bikul's utility function.

c. $80,000.

d. $10,000.
Business
1 answer:
dedylja [7]2 years ago
6 0

Answer:

$10,000

Explanation:

Probability that Bikul wrecks the car is 0.10

loss of wrecking the car is $100000

Therefore risk of wrecking the car = Probability x loss

risk = 0.10 x 100000 = 10,000

premium can be equated with risk, hence premium = $10000

You might be interested in
The second number given with a hazard class is referred to as
sesenic [268]
The division is the second number given to a hazard class. According to Wikipedia.com, the "HAZMAT Class<span> 2 in United States law includes all gases which are compressed and stored for transportation. </span>Class<span> 2 has three </span>divisions<span>: Flammable (also called combustible), Non-Flammable/Non-Poisonous, and Poisonous." Furthermore, it is one of the safety precautions done by the U.S. to regulate volatile and poisonous compounds.</span><span />
5 0
3 years ago
How does a mayor-council system function?​
ValentinkaMS [17]

Answer:

The mayor is basically the city's chief executive, Meanwhile the council is the city's primary legislative body if you will. These make up general characteristics of a strong mayor council of governments . Therefore the mayor could or may appoint and remove departmental heads. The mayor can also draft and propose a budget to the city council basically.

7 0
3 years ago
The information systems of several firms have been compromised by insiders that can include contract employees, cleaning staff,
ch4aika [34]

Answer:

True

<h3>What is an Information system?</h3>
  • An Information System (IS) is a set of interrelated components that work together to collect, process, store, and disseminate information to support decision-making.
  • They also support the coordination, supervision, analysis, and visualization of an organization.

To learn more about it,  refer

to brainly.com/question/25689052

#SPJ4

7 0
1 year ago
carmax has developed an organization focused on delivering value to its customers. what were the drawbacks of the way carmax was
Vika [28.1K]

The drawbacks of the method adopted by CarMax were related to target markets and their Core values, market competencies, idea of Test drives before purchase of product, emergence of competitive companies with their Competitive products and development of a sustainable competitive edge.

CarMax is a vehicle retailer organization situated in US. It provides less expensive cars to customers mainly due to the large inventory that it owns. It provides the option of test driving of car before actually selling it. One of the major weaknesses of the CarMax was it outdated inventory management system. Some customers were even not satisfied with their car selling policies. The disruption in emerging technologies and Changing consumer behavior with huge variety of vehicles also posed certain challenges to the delivery services of CarMax.

Learn more about CarMax at:

brainly.com/question/16782872

#SPJ4

5 0
1 year ago
Alan and Desmond have set up a law business in a high–priced office. Which type of business do they have?
san4es73 [151]
<span>It depends on their agreement. It could be a general partnership or a limited partnership. One could be an investor and one runs the business day to day.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Which behaviors might lead someone to have a low credit score?
    5·2 answers
  • ____ components for eating disorders account for 40 to 60 percent of risk for anorexia
    9·1 answer
  • The retail mall owner told a marketing researcher, "We have the option of staying open late twice a week or opening up an hour e
    13·1 answer
  • Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
    9·1 answer
  • Science explanation avout mesurement
    15·1 answer
  • Why is a performance management system superior to a performance measurement system? because performance measurement systems are
    15·1 answer
  •   Early Head Start is an example of        A. private preschool.   B. biological effect.   C. a nurturing environment.   D. priv
    5·1 answer
  • Define risk economics. ​
    10·2 answers
  • Open this link to read more about how credit card interest works. Use this information to calculate the cost of your computer wh
    13·1 answer
  • With the holiday season approaching, Denelle reviews holiday sales from the last five years to determine how much inventory to p
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!