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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IB does this. The IB plans out a students high school courses over at least 2 years. Trust me, I'm in it! Hope that helps!
This data gives the length, in inches, of several nails. length (in.): 12, 516, 18, 12, 38, 516, 516, 316, 516, 18 create a line
Tema [17]
Answer:this is what my test looks like
Explanation:
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Object at rest stays at rest object in motion stays in motion
Answer:
Storing chemical away from food, removing pits and bones from food and washing hands before preparing food is a safety practice that will help prevent biological hazard
