× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
tony911t tony911t
wrote...
Posts: 672
Rep: 0 0
6 years ago
Using a strategy region graph, determine what impact, if any, the insurance deductible amount has on her decision. Briefly explain your answer
 


   


 
Read 33 times
1 Reply

Related Topics

Replies
wrote...
#1
6 years ago
If the insurance deductible were to increase to about 500, Mrs. Rich would be better off not purchasing the collision insurance (see strategy region chart above), because the line for that alternative falls below (i.e. provides lower expected cost) the Buy Insurance line in that range. Above 500, her out-of-pocket expenses with insurance are so high that she is better off saving the premium cost and taking her chances without insurance.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1046 People Browsing
 120 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 80
  
 289
  
 62
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?