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 92 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?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

For a complete list of videos, visit our video library