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Suppose that a liability insurance policy with a coverage limit of $100,000 (i.e., the insurance will pay liability claims up to $100,000) has a premium of $600. For each of the following people, what is the premium per dollar of personal wealth protected if the policy were purchased?
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PERSON PERSON'S WEALTH
Mary 5000
Curly 50000
Moe 100000
Alice150000
Nancy 200000
1 個解答
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- 匿名使用者10 年前最佳解答
Mary 5000/600=8.33
Curly 50000/600=83.33
Moe 100000/600=166.66
Alice150000/1200=83.33
Nancy 200000/1200=166.66
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