Answered
Scatterbrain Samantha often forgets to lock her house.This has caused the probability of a burglary to be 30%.If her house gets broken into,she faces a property loss of $10,000,otherwise she gets to keep her $100,000.What is the minimum price an insurance company could offer (if it had no other costs) ?
A) $10,000
B) $3,000
C) $100,000
D) $5,000
On Sep 28, 2024