Geneva has learned that the expected value of an Insurance payment to a driver to...
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Geneva has learned that the expected value of an Insurance payment to a driver to cover the costs of an accident in her state Is $5,200 over the first three years. If her Insurance costs $2,000 a year and the average cost of an accident Is $1,000, which statement is most correct?If Geneva drives more recklessly than most other drivers, the insurance is a good decision for Geneva.If Geneva drives more carefully than most other drivers, the insurance is a good decision for Geneva.Geneva knows she will certainly come out ahead and make money by paying for the insurance.Geneva knows she will certainly lose money by paying for the insurance.
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