Assume that you have a car worth $7300 and you wish to insure it for its full replacement value if it is stolen. If there is a 2% chance that the car will be stolen, what would a fair premium price be? A. $133.94 B. $152.98 C. $148.98 D. $161.30
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Home » Mathematics » Assume that you have a car worth $7300 and you wish to insure it for its full replacement value if it is stolen. If there is a 2% chance that the car will be stolen, what would a fair premium price be? A. $133.94 B. $152.98 C. $148.98 D. $161.30