The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
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Agricultural engineers have a variety of tasks, including giving answers to agricultural-related difficulties, as well as the usage of structures and infrastructure.
<h3>What does an agricultural engineer do?</h3>
Agricultural engineering, commonly referred to as agricultural and biosystems engineering, is the study and application of engineering science and design concepts to agriculture.
An agricultural engineer is a professional engineer with a background in agriculture. Agricultural engineers develop and plan the engineering for an agricultural project, generally in collaboration with an agriculturist who is more knowledgeable in farming and agricultural science.
Thus, some of the jobs of agricultural engineers are, addressing concerns with power sources, machine efficiency, building, and facility utilization, pollution, and environmental challenges.
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Mark's dog ran 3 4 of a mile in 1 4 of an hour. Compute the unit rate from the complex fraction 3 4 1 4 miles per hour.
Wrong..
Russia is officially part of Europe even though the majority of it is in Asia.
The capital of Russia is Moscow, in Europe.
The other cities in Europe are St. Petersburg , Kalingrad and Rostov
