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Jim Has a 5-Year-Old Car in Reasonably Good Condition A)$3515
B)$3520
C)$3513
D)$3522
E)$3518

question 4

Multiple Choice

Jim has a 5-year-old car in reasonably good condition. He wants to take out a $50,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x years old is as follows: Jim is applying to a car insurance company for his car insurance policy. If the car insurance company charges $7000 for the policy, how much profit does the company expect to make? Round your answer to the nearest dollar.
x= age 56789P (accident)  0.011820.012820.013860.015130.01602\begin{array} { l c c c c c } x = \text { age } & 5 & 6 & 7 & 8 & 9 \\P \text { (accident) } & 0.01182 & 0.01282 & 0.01386 & 0.01513 & 0.01602\end{array}

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Definitions:

Posture

The position or arrangement of the body and its parts, often associated with confidence or the lack thereof.

Disconfirming Response

A communication pattern that rejects or invalidates a person's self-concept.

Impervious Response

A form of non-responsive or dismissive communication in which one ignores or does not react to someone else's communication.

Confirming Response

Statement that causes another person to value himself or herself more.

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