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
Answer:
9/5
Explanation:
First we took the variables at one side then just solves it....
Answer:
the value of change in entropy for freezing process of 1 mole of liquid methanol is -18.07 J/mol.k
Explanation:
Entropy is defined as the measure of possible arrangement of the atoms or molecules. Entropy change for the the freezing process mole of 1 liquid methanol at -97.6 degree celcius and 1 atm will be -18.07 J/mol.
The entropy change can be calculated by the given formula:
Thus, the value of change in entropy for freezing process of 1 mole of liquid methanol is -18.07 J/mol.k
(Hope this helps can I pls have brainlist (crown)☺️)