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age to a luxury sports car. The amount of damage is uniformly distributed between 80 and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130

age to a luxury sports car. The amount of damage is uniformly distributed between 80 and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
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An insurance policy is written to cover dam- age to a luxury sports car. The amount of damage is uniformly distributed between $0. and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130 4. $8300 5. $9960
Transcribed Image Text:An insurance policy is written to cover dam- age to a luxury sports car. The amount of damage is uniformly distributed between $0. and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130 4. $8300 5. $9960
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