Geneva has learned that the expected value of an Insurance

Last updated: 7/20/2022

Geneva has learned that the expected value of an Insurance payment to a driver to cover the costs of an accident in her state Is $5,200 over the first three years. If her Insurance costs $2,000 a year and the average cost of an accident Is $1,000, which statement is most correct? If Geneva drives more recklessly than most other drivers, the insurance is a good decision for Geneva. If Geneva drives more carefully than most other drivers, the insurance is a good decision for Geneva. Geneva knows she will certainly come out ahead and make money by paying for the insurance. Geneva knows she will certainly lose money by paying for the insurance.