Mathematics, 20.01.2021 09:20 kodyharris117
A motorcycle insurance company has 5,000 policyholders, and the accident rate is 0.08. The company needs to invest 400,000 this year. Each accident cost 18,000 on average.
If they want a plan with a deductible of $4,000, they need to charge a minimum of ? For premiums
If they want a plan with a premium of $1,000, they need to charge a minimum of ? For deductibles
Answers: 2
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A motorcycle insurance company has 5,000 policyholders, and the accident rate is 0.08. The company n...
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