Question

question 19 (3 points)
a homeowner has a $500 deductible on their insurance policy. a tree falls on their fence, causing $1200 in damage. however, filing a claim might raise their monthly insurance premium by $25 for the next 24 months. should they file a claim based solely on expected value?
no, because the increased premium is more than the payout.
yes, because the increased premium is less than the payout.
no, because the damage is greater than the deductible.
it doesnt matter; the costs are the same.
question 20 (3 points)
which of the following datasets would be least appropriate to model using a normal distribution?
weights of apples from an orchard
heights of students in a high school
scores on a standardized test
salaries of employees at a company where most earn minimum wage and a few earn very high salaries

Explanation:

Answer:

(19) No, because the increased premium is more than the payout.
(20) Salaries of employees at a company where most earn minimum wage and a few earn very high salaries