The cost of automobile insurance has become a sore subject in California because insurance rates are dependent

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The cost of automobile insurance has become a sore subject in California because insurance rates are dependent on so many different variables, such as the city in which you live, the number of cars you insure, and the company with which you are insured. The website www.insurance.ca.gov reports the annual 2006€“2007 premium for a single male, licensed for 6€“8 years, who drives a Honda Accord 12,600 to 15,000 miles per year and has no violations or accidents.


Allstate 21st Century $2228 2098 2064 1890 City Long Beach Pomona San Bernardino Moreno Valley $2617 2305 2286 2247

a. What is the average premium for Allstate Insurance?
b. What is the average premium for 21st Century Insurance?
c. If you were a consumer, would you be interested in the average premium cost? If not, what would you be interested in?

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Introduction To Probability And Statistics

ISBN: 9780495389538

13th Edition

Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver

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