Answer:
a) Expected Value of Claims = $32,000
b) Average premium per claim, in order to break-even on claim costs
= $5,333.33
c) To make a profit of $60 per policy (i.e. a total profit of $360 ($60 x 6), it must charge:
= $5,393.33 per policy
Step-by-step explanation:
a) Data and Calculations:
Amount of Claim Probability Expected Value
$0 0.60 $0
$50,000 0.25 $12,500
$100,000 0.09 9,000
$150,000 0.04 6,000
$200,000 0.01 2,000
$250,000 0.01 2,500
Expected Cost of claims = $32,000
b) Average premium per claim, in order to break-even on claim costs
= Total Claim cost divided by number of policies
= $32,000/6 = $5,333.33
c) To make a profit of $60 per policy (i.e. a total profit of $360 ($60 x 6), it must charge:
Total Claim cost + Total profit / 6 or Average Premium plus Profit per policy =
= ($32,000 + $360)/6 or $5,333.33 + $60
= $32,360/6 or $5,393.33
= $5,393.33
Answer:
I can't see the questions properly
Step-by-step explanation:
No me pagan el otro porque me voy bye a mi sister o a la otra semana si pero ya me lo voy hacer y no tengo nada de nada que me pase el día y no tengo que hacer el trabajo de mi
without knowing much information what you are working on i would say going up by 10?
-love shrooms
Answer:
3(a - b)(a + b)
Step-by-step explanation:
Factorize: (2a - b)² - (a - 2b)²
- Different of Perfect a Square rule: a² - b² = (a + b)(a - b)
(2a - b)² - (a - 2b)² = [(2a - b) + (a - 2b)] × [(2a - b) - (a - 2b)]
1. Distribute and Simplify:
Distribute the (+) sign on the first bracket and simplify: [(2a - b) + (a - 2b)] → 2a - b + a - 2b → (3a - 3b)
Distribute the (-) sign on the first bracket and simplify: [(2a - b) - (a - 2b)] → 2a - b – a + 2b → (a + b)
We now have:
(3a - 3b)(a + b)
2. Factor out the Greatest Common Factor (3) from 3a - 3b:
(3a - 3b) → 3(a - b)
3. Add "(a + b)" back into your factored expression:
3(a - b)(a + b)
Hope this helps!
