Cathy's Apartment Was Broken into and Her Two-Year-Old Sound System

question 159

Multiple Choice

Cathy's apartment was broken into and her two-year-old sound system was taken.Cathy had paid $1,400 for the system,but it will cost $1,800 to replace the unit.She has a homeowner's policy with $20,000 coverage for personal property,a $200 deductible,and actual-cash-value coverage.How much will Cathy receive from the insurance to cover this loss assuming the life expectancy of the system is ten years?

• A)$920
• B)$1,120
• C)$1,200
• D)$1,800

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Definitions:

Body Weight

The total mass of an individual, often used as an indicator of health in relation to height.

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The act of making an educated guess about the future based on current data or trends.

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A branch of statistics that allows for making predictions or inferences about a population based on a random sample from that population.

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