Solve the Problem. -Assume That You Have a Car Worth $6000 and You

question 288

Multiple Choice

Solve the problem.
-Assume that you have a car worth $6000 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) $107.41
• B) $134.77
• C) $122.45
• D) $126.45

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Definitions:

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory and spatial navigation.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time.

Context-dependent Memory

Context-dependent memory refers to the improved recall of specific information when the context present at encoding and retrieval of the information is the same.

Memory Reconsolidation

The process by which previously consolidated memories are recalled and then stored again for long-term memory.