Determine what Paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
2 answers:
Charge of insurance company is given as $0.41 per $100.
Now, 0.41 divided by 100 will give us charge per dollar:
So, for $449,000, Paul has to pay dollars.
Answer choice C is correct.
ANSWER: C
Answer:
c. $1840.90
Step-by-step explanation:
We have been given that Paul's insurance company is charging him $0.41 per $100 of value in his home.
First of all, we will divide the value of Paul's home by 100.
Now we will multiply 4,490 by $0.41 to find the amount charged by insurance company.
Therefore, Paul will have to pay an amount of $1840.90 on annual bases for his home and option c is the correct choice.
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98% confidence interval: (0.231, 0.409)
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