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.
Learn more about insurance premium here:brainly.com/question/24441770
The way scientists know that a hypothesis in astronomy is a reasonable description of nature is to do experiments and observations about the prediction of the hypothesis.
Given an incomplete sentence related to hypothesis and astronomy.
We are required to complete the sentence.
A hypothesis is basically a testable statement about the relationship between two or more variables or a proposed explanation for some observed phenomenon.
Astronomy is basically the study of everything in the universe beyond Earth's atmosphere.
The statement can be completed by "do experiments and observations about the prediction of the hypothesis".
Hence the way scientists know that a hypothesis in astronomy is a reasonable description of nature is to do experiments and observations about the prediction of the hypothesis.
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Answer:
True because it provides more autonomous systems
Answer:positively cheap labour.
Then negatively Low taxes
Explanation:because it's of low level school people or drop outs who don't mind much of wages as compared to office related work or jobs
Then low taxes as a result of favour being imposed on the cheap kabour
