Answer:
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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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Answer:
what is the question? is it supposed to be a graph?
Hamilton thinks judges should be appointed permanently rather than on a periodic basis because periodic appointments would destroy a judge’s independence.
Alexander Hamilton was an American revolutionary. He was also a statesman and the Founding Father of the United States. He played a key role in promotion and interpretation of the constitution.
Permanent appointments would help to regulate more as well ensure greater independence of the judge.
Periodic appointment on the other hand would destroy a judge independence as he/she can be transferred or impeached anytime that fosters insecurity and lack of motivation to work.
Thus, permanent appointments is the only option.
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brainly.com/question/1059156
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