subject
Mathematics, 27.04.2021 05:00 rhco4760

PLEASE HELP Suppose that you head an insurance company. Your most popular insurance policy has a premium of $600 and a deductible of $1,000. This insurance policy provides your state’s minimum coverage of $30,000 for injury or death to one person, $50,000 for injury or death to two or more people, and $10,000 for damage to property, which is called 30/50/10 coverage. Assume that, on average, 2 of your 100 customers have an accident every year. One of the accidents causes damage to property and the other causes injury or death to one person. Both drivers file for the maximum claims. After paying the claims, will your company still profit from the premiums collected in a year? Explain your answer.

Looking for YES or NO and a little explanation please!!

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Translate this phrase into an algebraic expression. 21 more than twice goran's savings use the variable g to represent goran's savings. need to know fast.
Answers: 1
question
Mathematics, 21.06.2019 17:00
Acar travels at an average speed of 52 miles per hour. how long does it take to travel 299 miles
Answers: 1
question
Mathematics, 21.06.2019 18:30
Two cyclists 84 miles apart start riding toward each other at the same. one cycles 2 times as fast as the other. if they meet 4 hours later, what is the speed (in mi/h) of the faster cyclist?
Answers: 1
question
Mathematics, 21.06.2019 19:00
Find the area of the triangle shown 3 by 6
Answers: 1
You know the right answer?
PLEASE HELP Suppose that you head an insurance company. Your most popular insurance policy has a pre...
Questions
Questions on the website: 13722361