Driver Sanders Has a Poor Driving Record and Pays Triple

question 7

Short Answer

Driver Sanders has a poor driving record and pays triple the regular premium. The regular premium would be $2,100 and covers Sanders for all three classifications of insurance with a $500 deductible for auto collision. During the year, Sanders sideswiped a row of parked cars. Repairs to the parked cars cost $1,870, $4,950, $2,340, and $378. Repairs to Sanders' car cost $490. Compute the amount the insurance company paid out in benefits over the amount it received in premium for this policy.

---

Definitions:

Information Technology

The engagement of computing devices, data storage solutions, networking capabilities, along with other tangible tools, infrastructure, and processes in the creation, manipulation, preservation, storage, and dissemination of all forms of electronic data.

Real-time Solutions

Solutions or answers provided instantly or with minimal delay, often in response to rapidly changing conditions or requirements.

MIS Utilization

The effective use of Management Information Systems to support decision-making, control, analysis, and visualization in an organization.

Desired State

The ideal condition or situation that an individual, group, or organization aims to achieve in the future through its efforts and strategies.