Assume that the probability of a driver getting into an accident is 7.6%, the average cost of an accident is $16,412.05, and the overhead cost for an e company per insured driver is $105. what should be this drivers insurance premium?

1,352.32

Step-by-step explanation:

If you take 7.6 and multiply it to 16,412.05 (.076)(16,412.05), you get 1,247.32. You then add the overhead cost of 105 to get 1352.32. (Apex verified too)

The drivers insurance premium is:

                $ 1352.3158

The probability of a driver getting into an accident is 7.6%.

The average cost of an accident is $16,412.05.

This means that the expected amount that will be paid to each of the driver by the company on accident will be:  0.076×16412.05

                                                       = $ 1247.3158

Also, the overhead cost for an e company per insured driver is $105.

This means that the insurance premium of driver is:

       =   105+1247.3158

     =    $ 1352.3158

answer: its the third option.

step-by-step explanation:

i just took the test.

the revenue of the fitness center, y, is the product of two factors: the number of members and the fee paid by each member. there are 320 members now, but number of members goes down by 10 for each $5 increase in fees, so if x is the number of $5 price increases then members is equal to (320 - 10x). since the fee is currently $45, and the fee increases by $5 for every price bump x, the fee is given by (45 + 5x). so, revenue y is given by y = (320 - 10x)(45 + 5x).