If Your Homeowner's Insurance Premium Is $1,000 and Your Deductible

question 6

Multiple Choice

If your homeowner's insurance premium is $1,000 and your deductible is $2000,what could be considered the strike price of the policy if the home has a value of $120,000?

• A) $118,000
• B) $120,000
• C) $117,000
• D) $122,000

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Definitions:

Men

Refers to adult human males, often discussed in studies related to gender differences, social roles, or demographic analysis.

Sampling Distribution

Distribution of statistics for samples randomly drawn from populations.

Sample Means

The arithmetic average of a set of values taken from a larger population, used in statistics to estimate the population mean.

Population Mean

Mean associated with an entire population.