Find the amount paid by each of the multiple carriers.The London Coat Company had an insured fire loss of $167,000. It had insurance coverage as follows: Company A, $500,000; Company B, $350,000; and Company C, $150,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.
A. $87,675, $50,100, $29,225
B. $83,500, $58,450, $25,050
C. $79,325, $54,275, $33,400
D. $91,850, $54,275, $20,875
Answer: B
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A sample statistic and margin of error are given. Find the confidence interval likely to contain the population parameter of interest and answer the question.Following the Republican National Convention, a poll of voters in a Central Illinois community showed that 57.0% would choose the Republican ticket to win over the Democrat ticket no matter whom the Democrats chose for vice-president. The margin of error was 4.8 percentage points. Should the Democrats expect to lose Central Illinois?
A. 54.6% to 59.4%; yes B. 57.0% to 61.8%; yes C. 52.2% to 61.8%; yes D. 47.4% to 57.0%; no
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