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
Using the performance planner on a monthly basis allows one to optimize two aspects of an account, which are bid and budget.
<h3>What is a performance planner?</h3>
The performance planner is a tool which helps to obtain the best bids and mean monthly budget around all the campaigns.
The objective of a performance planner are:
- Enhance the conversation number to achieve any upcoming spend premise.
- Helps to obtain the best bids and mean monthly budget.
- Provide the chance to get the benefit of seasonality opportunities.
- Provides new possibilities to enhance the sales through ad and campaigns.
Hence, using the performance planner on a monthly basis allows one to optimize two aspects of an account, which are bid and budget.
Learn more about the performance planner here;
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Answer:
6m ramp
Explanation:
I'm assuming you need the ramp which will make it the easiest which would be the 6m ramp because since it is longer it will be a more gradual incline making it easier to move the boxes.
