Multiple Choice
Students who take drivers education have a 2% probability of having an accident in their first year of driving,while students who do not take drivers education have a 10% probability.Statistics show that the average cost of an accident is $8500.Statistics also show that 70% of new drivers have taken drivers education.What is the expected cost of an accident per driver in their first year of driving?
A) $119
B) $374
C) $646
D) $1020
Correct Answer:
Verified
Correct Answer:
Verified
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