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Sophie [7]
2 years ago
6

Insurance premiums are calculated by analyzing clients’ potential level of risk. Which of the following drivers would most likel

y pay the LOWEST auto insurance premium?
Experienced driver with 120 mile commute to work


Experienced driver with a good driving record


New driver with less than one year of experience


Driver with multiple accidents in recent years
Business
1 answer:
siniylev [52]2 years ago
7 0

Answer:

The correct answer is letter "B": Experienced driver with a good driving record.

Explanation:

Insurances do take into consideration the level of risk individuals represent according to the type of coverage they apply for. While talking about car insurance, <em>an experienced driver with a good driving record represents a minimum risk for the company, thus, the individual will likely pay a lower premium than someone who has had several vehicle accidents with a negative driving history.</em>

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Answer:

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

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5 0
2 years ago
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Answer:

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8 0
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