Answer:
D
Explanation:
Characters(Unless it says otherwise) are all fictional, but the passage can present facts.
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.
Learn more about insurance premium here:brainly.com/question/24441770
People do share some similarity. How are Bill Gates and Henry Ford similar is that;
- They both became wealthy and successful.
- They both helped better the lifestyles of others.
- They both developed products that filled a human need or needs.
<h3>Who is an Entrepreneur </h3>
An entrepreneur is known as someone who starts and runs a specific business. They often works well alone.
As a business owner or entrepreneur, one must know that there are different ways to grow one's business. Bill Gates and Henry Ford are both great Entrepreneurs.
Learn more about entrepreneur from
brainly.com/question/353543
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