Multiple Choice
Two individuals make up the auto insurance market.Bonnie drives well,and the probability of her having an accident is 10% this year.Lisa also drives carefully,and her probability of having an accident is 5%.What is the probability that Bonnie and Lisa will both have accidents this year?
A) 0.15%
B) 0.75%
C) 0.005%
D) 0.5%
Correct Answer:

Verified
Correct Answer:
Verified
Q63: Moral hazard:<br>A)increases the ability of markets to
Q64: Used-car dealers will often advertise how long
Q65: A fair insurance policy is one whose
Q66: Bikul has just started a great job
Q67: Which statement describes a principle of the
Q69: Use the following to answer question:<br>Figure: Differences
Q70: The Baker family is faced with two
Q71: Use the following to answer question: <img
Q72: Use the following to answer question: <img
Q73: An efficient market for risk,such as an