Answer:
Explanation:
A=0.1 b=20.775 c= 0.02 on edge :) good luck have a great amazing blessed day!!!
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 graphical solution procedure generally means you graph the constraint inequalities to identify the feasible solution region, then locate the objective function curve so as to maximize its value. When the objective function is a linear function, maximizing it generally means locating it at the vertex of the feasible region that makes it farthest from the origin.
The solution is
... (A, B) = (100, 50)
Answer:
i've been better. how about you?
Explanation:
