<h2>Answer: </h2>
We know that,
Length of arc = 2 × 3.14 × 6 × 45/360
Length of arc = 6.28 × 3/4
= 18.84/4
= 4.71units.
In order to see the probaability of this we need to do an easy calculation here:
If X<span> is the price for the policy, then we proceed like this:
</span>0.982x = 0.0275*<span>31,000
</span><span>
x = 0.0275*</span><span>31,000</span><span>/0.982
Minimum ammount he can expect to pay = $868.12 </span>
If the price went down $5 per day for four days straight, then it would have went down $20 total after the four days.