Mathematics, 07.12.2020 17:40 grettelyesenia
Suppose a company charges an annual premium of $475 for a fire insurance policy. In case of a fire claim, the company will pay out an average of $100,000. Based on actuarial studies, it determines that the probability of a fire claim in a year is 0.004. What is the expected annual profit of a fire insurance policy for the company? What annual profit can the company expect if it issues 1000 policies?
Answers: 3
Mathematics, 21.06.2019 22:30
The volume of the sun is approximately 1 Ć 10^18 cu km, while the volume of jupiter is approximately 1 Ć 10^15 cu km. which of the following is true? a. the volume of jupiter is approximately one thousand times the volume of the sun. b. the volume of jupiter is approximately one hundred times the volume of the sun. c. the volume of the sun is approximately one thousand times the volume of jupiter. d. the volume of the sun is approximately one hundred times the volume of jupiter.
Answers: 2
Mathematics, 21.06.2019 23:30
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Mathematics, 22.06.2019 01:00
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Suppose a company charges an annual premium of $475 for a fire insurance policy. In case of a fire c...
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