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Author Question: Assume that an insurance company sets a single price for insurance equal to the total medical bills ... (Read 98 times)

newbem

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Assume that an insurance company sets a single price for insurance equal to the total medical bills paid by the insurance company divided by the number of its customers. If it pays medical bills of $5,000 for half of its customers and $9,000 for the other half of its customers, the price of insurance will be:
◦ $5,000.
◦ $6,000.
◦ $7,000.
◦ $9,000.


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Marked as best answer by newbem on Jul 21, 2019

pratush dev

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