Continuing with the same vacation-insurance company from the preceding question, what vacation-day price(s) would be acceptable to both the family and the insurance company?
a. 3 or 4
b. 3,4 or 5
c. 3,4,5 or 6
d. 3,4,5,6 or 7
b
You might also like to view...
In a recent survey of 574 employees, 15.5% indicated that they were not in favor of a particular plan. What is the level of confidence associated with the interval of 12.85% to 19.89%?
In terms of economic growth, the central bank would like to:
A. balance every recession with a boom. B. keep the growth rate averaging zero. C. have the maximum growth rate possible. D. keep the economy close to its potential or sustainable rate of growth.
Which of the following would not be an argument that government debt imposes a burden on future generations?
A. Lump-sum taxes in the future may be raised to pay higher real interest costs. B. Higher government deficits resulting from increased purchases may reduce savings, causing investment to fall. C. Higher taxes in the future to repay government debt will transfer resources from the poor to the rich. D. Higher taxes in the future could increase the average cost of distortions to the economy created by taxes.
The underlying cause of risk in finance is:
A. Danger B. Uncertainty C. Fear D. Complexity