subject
Mathematics, 18.05.2021 03:30 bionicboy03120440

HELPPP 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

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Two streets intersect at a 30- degree angle. at the intersection, the are four crosswalks formed that are the same length. what type of quadrilateral is formed by the crosswalks?
Answers: 2
question
Mathematics, 21.06.2019 19:40
The krasnapolski is a top-of-the-line hotel in amsterdam, the netherlands. among their many services, they rent bicycles to guests. the bicycle checkout is open 24 hours per day 7 days per week and has 50 bicycles on hand. on average, 10 guests request a bicycle each day, arriving completely randomly at all times of the day during the spring and summer seasons. guests keep bicycles for four days on average, with a standard deviation of two days. how long does a guest on average have to wait for a bike? a. approximately 24 hours b. approximately 0.033 hours c. approximately 4 days d. approximately 47 minutes
Answers: 3
question
Mathematics, 22.06.2019 00:30
3/4 = c/36 i need with this fraction proble.
Answers: 2
question
Mathematics, 22.06.2019 01:10
Ofin . (2,4) (2,1) a. y= 2 b. x= 2 c. x= -2 d. y= 2x
Answers: 1
You know the right answer?
HELPPP Suppose that you head an insurance company. Your most popular insurance policy has a premium...
Questions
question
Mathematics, 24.03.2021 03:20
question
Mathematics, 24.03.2021 03:20
question
Mathematics, 24.03.2021 03:20
question
Mathematics, 24.03.2021 03:20
Questions on the website: 13722363