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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Based on the information given, it should be noted that the probability that the proportion of voters that will support the ballot measure will be greater than 0.50 is 0.0895.
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How to calculate the probability.</h3>
From the information given, it was stated that a polling agency is investigating the voter support for a ballot measure in an upcoming city election and that the the population proportion of voters who would support the ballot measure in region a is 0. 47.
Based on the complete information, the probability that the proportion of voters in the sample of region A that will support the ballot measure will be greater than 0.50 will be given as P(Z > 1.3441).
It should be noted that when this value is looked in the table, it will give a value of 0.0895.
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Answer:
The time it takes light from a flash camera to reach a subject 6.0 meters across a room in scientific notation is 2.0 *10^-8 s.
Answer:
Explanation:
We know the area of the rectangle is length * width
We also know width = length - 5
Thus area is 
Answer:
Mass tourism
Explanation:
Alternetive tourism is so called to defferentiate from mass tourism.
