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
Poem and the essay of what?
Answer:
Explanation:
Wind, solar and hydroelectric systems generate electricity with no associated air pollution emissions. Geothermal and biomass systems emit some air pollutants, through total air emissions are generally much lower than those of coal and natural gas fired power plants.
standard deviation of 1 minute, find the probability that a randomly selected college
The temperature of a place often affect food. The option that is not of the Time/Temperature Control for Safety Foods is Processed garlic oil mixtures.
<h3 /><h3>Foods that require time and temperature control </h3>
There are different kinds of foods that require time and temperature control so that it can be safe. This food are known as TCS foods. They includes;
- Milk and Dairy products
- Eggs
- Meat such as beef, pork, and lamb
- Untreated garlic etc.
Garlic often stay long does when process into oil in any temperature. It can be safely store in oil for about 4 months in the freezer. Only garlic in oil mixture kept at room temperature for about two hours may not be useful.
Learn more about Food from
brainly.com/question/10465534
