A survey was given circa 2011 asking whether respondents wat…

A survey was given circa 2011 asking whether respondents watch movies at home from Netflix, Redbox, or a video store. 39 only use Netflix; 51 only use Redbox; 16 only use a video store; 6 use only a video store and Redbox; 47 use only Netflix and Redbox; 38 use only a video store and Netflix; 8 use all three; 31 use none of these. How many people use Redbox?

GEICO Insurance has received applications from two drivers l…

GEICO Insurance has received applications from two drivers looking for auto insurance policies.  Based on GEICO’s risk classification process, they have come up with the following estimates for the two drivers:  Driver A’s Expected Value (Loss) = $500 Driver B’s Expected Value (Loss) = $1,000 Based only on the above information: which driver will be charged a higher premium, and more importantly, why?