Shelly and Chris Have a Homeowner's Policy with $120,000 Coverage,a

question 48

Multiple Choice

Shelly and Chris have a homeowner's policy with $120,000 coverage,a $1,000 deductible,and required coverage of 80 percent of the replacement cost.Their home recently suffered extensive fire damage in the amount of $92,000.Assuming the replacement value of the home was $160,000,how much will the insurance company pay on this loss?

• A)$73,600
• B)$85,312
• C)$86,250
• D)$92,000

Understand the major events in Earth's climate history and their impact on life.

Understand the regulatory framework governing water pollution and navigable waterways.

Comprehend the legal mechanisms addressing air pollution and acid rain.

Recognize the role and standards set by the Environmental Protection Agency (EPA) for protecting human health and the environment.

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Definitions:

Test Statistic

A calculated value from sample data used to determine the p-value in hypothesis testing, assessing the likelihood of observing the results under the null hypothesis.

Variability

Variability describes the spread or dispersion of a set of data points, indicating how much the data points differ from each other and from the mean.

Paired-Difference Experiment

An experimental design where two treatments are applied to the same subjects to assess the difference in outcomes.

Data

Information collected for reference or analysis, which can be qualitative or quantitative in nature.