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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What table? you didn’t attach anything?
Based on Table S, the atom of element that has the strongest attraction for electrons in a chemical bond from the options is Chlorine.
<h3>What is Electronegativity?</h3>
Electronegativity can be regarded as the tendency that is been associated to an atom for attraction of electrons to itself.
However, Fluorine is considered as the most electronegative element but based on Table S, Chlorine has the strongest attraction for electrons in a chemical bond .
THESE ARE THE OPTIONS
1 aluminum
2 chlorine
3 magnesium
4 sulfur
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