Suppose a Dutch oven is sold and during its first year of use the lid will need to be replaced, this happens with probability 0.07 and replacement cost is $175; the pot itself will need to be replaced with probability 0.02 and the cost is $446. If a company wants to sell a one-year insurance policy to the customer and would like to set the price of the policy $20 above the expected replacement cost, what should be the price of the policy? Round answer to a whole number.

Martha has a deck of cards. she has lost some of the cards, and now the deck only contains nine spades, eleven diamonds, eight clubs, and twelve hearts. martha predicts that whenever she draws a card from the deck without looking, she will draw a club one-fifth of the time. which activity would best allow martha to test her prediction? a. randomly draw a card from the box and see if it is a club. b. randomly draw a card. then, continue to draw another card until all eight clubs are drawn. c. randomly draw and replace a card 120 times. then, observe how close to 30 times a club is drawn. d. randomly draw and replace a card 100 times. then, observe how close to 20 times a club is drawn.