This topic contains a solution. Click here to go to the answer

Author Question: Dan picked up his friend Rodney to drive to their softball game. Both Dan and Rodney have a Personal ... (Read 127 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
Dan picked up his friend Rodney to drive to their softball game. Both Dan and Rodney have a Personal Auto Policy (PAP) with 5,000 of medical payments coverage.
 
  Dan hit a parked car, and Rodney was injured, incurring 9,000 of medical expenses. How will this claim be settled under the other insurance provision of the PAP?
  A) Both insurers will pay 4,500.
  B) Dan's insurer will pay 5,000 and Rodney's insurer will pay 4,000.
  C) Dan's insurer will pay 4,000 and Rodney's insurer will pay 5,000.
  D) Dan's insurer will pay 3,000, Rodney's insurer will pay 3,000, and Rodney must pay 3,000 out of his own pocket.

Question 2

Assume that an investment is forecasted to produce the following returns: a 10 probability of a
  1,400 return; a 50 probability of a 6,600 return; and a 40 probability of a 1,500 return.
 
  What is
  the expected amount of return this investment will produce?
  A) 7,640 B) 4,040 C) 12140 D) 1,540



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Answer to Question 1

Answer: B

Answer to Question 2

B





 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library