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 unsuccessful winter campaign in Russia exposed Napoleon's army to extreme cold and The French army's inability to master guerilla warfare led to its defeat in the Peninsula War.
Answer:
Elected Official Is The Correct Answer!
Explanation:
Recall Election. An election held for the purpose of allowing the voters of a jurisdiction to decide whether an elected official shall be removed from office.
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A thimble is the correct answer
