Answer:
C.
Step-by-step explanation:
The similarity between these types of insurance is that neither type offers benefits unless you suffer a loss. In either type of insurance you would either need to lose your life or lose a piece of property. It is then that the insurance company will pay what the insurance contract states. Until such a time that the loss is incurred, the insurance does not provide any benefit to you or your family members.
Answer:
0.173 probability that she gets exactly three questions correct.
Step-by-step explanation:
For each question, there are only two possible outcomes. Either she guesses the correct answer, or she does not. The probability of guessing the correct answer for a question is independent of other questions. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

In which
is the number of different combinations of x objects from a set of n elements, given by the following formula.

And p is the probability of X happening.
Seven questions:
This means that 
Each question has four choices.
Abby guesses, which means that 
Find the probability to the nearest thousandth, that Abby gets exactly three questions correct.
This is P(X = 3).


Quotients can sometimes be irrational so it is necessary to estimate them, products on the other hand are only rational, provided they aren't multiplied by an irrational, so it is not necessary to estimate