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Verdich [7]
3 years ago
10

Kramerica Company has a small plant worth $60,000. The plant is subject to physical damages and total destruction as a result of

re. From over 10,000 industry observations, the rm has derived the following probability distribution of re losses for its physical plant.
1
Loss Amount ($) Probability of Loss
0 .5
20,000 .2
30,000 .2
60,000 ?

Kramerica is considering the following risk management options:

Retention
Partial Insurance - Coverage Limit = $30,000; Premium = $10,000
Deductible insurance - Deductible per occurrence = $20,000; Premium = $15,000
Full insurance - Premium = $24,000

Answer the following questions:

(a) Construct the loss matrix. (2 pts)

(b) Assume that the rm decides to choose a risk management alternative without including valuation for subjective risk. What risk management option is chosen? Show all work and calculations for each option. (3 pts)

(c) What worry value(s) would make full insurance preferred to partial insurance? Show all work and calculations and explain your numerical answer. (1 pt)

(d) What worry value(s) would make deductible insurance preferred to partial insurance? Show all work and calculations and explain your numerical answer. (1 pt)

(e) What is the AFP for each insurance option? (3 pts)
Mathematics
1 answer:
Elan Coil [88]3 years ago
5 0

Ans

Step-by-step explanation

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Evaluate the function f(x)=x^2+6x+2 at the given values of the independent variable and simplify.
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Answer:

a) 18

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c)x^2 -6x+2

Step-by-step explanation:

This is a case of plugging in the value into f(x).

a) f(-8)= -8^2 + 6(-8) +2

f(-8)= 64 + (-48) +2

f(-8)=64 + (-46)

f(-8)=18

b)  f(x+2)= (x+2)^2+6(x+2)+2

So here I'll take a break to explain what's going on, because x+2 is a binomial meaning two terms and it is being squared I have to multiply the whole thing by itself. Meaning: (x+2) x (x+2), this is also known as foiling!! and for the next part its distributing 6 into x and 2.

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I'll reorder it

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c) f(-x)= -x^2+6(-x) +2

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6 0
3 years ago
a snowball is rolled down a giant hill. the radius of the snowball grows. every second the radius increases by 0.36 inches. four
Bad White [126]

Based on the fact that the radius of the snowball increases by 0.36 inches every second, the linear function can be found to be y = 0.36x + 1.66

<h3>How to find the linear function?</h3>

The linear function is the function that shows how to change in the rate of the independent variable would affect the rate of change in the dependent variable.

The linear function takes the form:

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Solving for the y-intercept gives:

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b = 3.1 - 1.44

= 1.66

The linear function is therefore:

y = 0.36x + 1.66

Find out more on linear functions at brainly.com/question/28029655

#SPJ1

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55.76-50.38=4.38 inches of rainfall
Your welcome  =)
difference= subtraction
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Answer:

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