Mathematics, 11.02.2021 08:20 EvankzGao
A motorcycle insurance company has 5,000 policy holders, and the accident rate is 0.08. The company needs to invest $400,000 this year.
Each accident costs $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.
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A motorcycle insurance company has 5,000 policy holders, and the accident rate is 0.08. The company...
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