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## A dump of our free Chat sessions, in case it is useful. It excludes white boards used during paid sessions.

student : YES!
tutor2 : math problem ?
student : Jim has a 5-year-old car in reasonably good condition. He wants to take out a \$60,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x years old is as follows:
x = age 5 6 7 8 9
P (accident) 0.01182 0.01282 0.01386 0.01513 0.01602
Jim is applying to a car insurance company for his car insurance policy. If the car insurance company wants to make a profit of \$700 above the expected total losses \$4179, how much should it charge for the policy?
a.
\$4869
b.
\$4877
c.
\$4889
d.
\$4879
e.
\$4881

student : i don't even know how to begin to solve this
tutor2 : pls. wait.
tutor2 : it is a big problem , pls. send it to tutor@aafter.com , our experts will reply u asap.
student : okay, thank you

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