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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Answer:
i think it's f(x)=0. 2(0.2x)
hope this helps
For me it is 3 in the morning
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Explanation:
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The answer is false because the center of gravity contributes greatly to the individual stability of a person or thing. The center of gravity is the center of mass of an object and therefore by raising or lowering that point, of gravity, you can cause an object or person to lose stability very quickly.
Explanation:
