Use the Following to Answer Questions

question 84

Multiple Choice

Use the following to answer questions :
Scenario: Choosing Insurance
The Ramirez family owns three cars and is considering buying insurance to cover the cost of repairs.They face two possible states: in state 1,their cars need no repairs and their income available for purchasing other goods and services is $50 000;in state 2,their cars need $10 000 worth of repairs and their income available for purchasing other goods and services is reduced to $40 000.The probability of repairs is 10%,while the probability of no repairs is 90%.
-(Scenario: Choosing Insurance) Use Scenario: Choosing Insurance.The premium on a fair insurance policy for the Ramirez family will be:

• A) $0.
• B) $900.
• C) $1 000.
• D) $2 000.

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Definitions:

Placenta

A life-support system that consists of a disk-shaped group of tissues in which small blood vessels from the mother and offspring intertwine.

Stimulant

A substance that raises levels of physiological or nervous activity in the body.

Infant's Heart Rate

The number of heartbeats per minute in a baby, which can vary widely depending on factors such as age, activity level, and health status.

Pain Medication

Medicines used to relieve or reduce pain, ranging from over-the-counter options to prescription drugs.