Concept explainers
Choose the best answer to the following question. Explain your reasoning with one or more complete sentences
Auto insurance policy A has an annual premium of $500 and a $200 deductible for collision (meaning you pay the first $200 for a collision claim). Auto insurance policy B has an annual premium of $300 and a $1000 deductible for collision. Which one of the following conclusions does not follow?
a) You will spend less on premiums with policy B.
b) Your expense for insurance and collision repairs over a year will be less with policy B.
c) You will spend less for a $900 collision repair with policy A.
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Using and Understanding Mathematics: A Quantitative Reasoning Approach plus NEW MyMathLab with Pearson eText -- Access Card Package (6th Edition) (Bennett Science & Math Titles)
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