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

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:00, tessadummer0033
What is a graph with a never ending line called?
Answers: 1
image
Mathematics, 21.06.2019 17:40, fdzgema17
An apartment has a replacement cost of $950,000 and contents valued at $1,450,000. it has a classification of a and a territory rating of 3. find the annual premium a) $10,185 b) $9,230 c) $3,155 d) $13,830
Answers: 2
image
Mathematics, 21.06.2019 19:00, lexipooh7894
What are the solutions of the system? y = x^2 + 2x +3y = 4x - 2a. (-1, -6) and (-3, -14)b. (-1, 10) and (3, -6)c. no solutiond. (-1, -6) and (3, 10)
Answers: 1
image
Mathematics, 21.06.2019 21:30, aesmithswhs
If you have a set of parallel lines a and b cut by transversal x, if angle 1 = 167 degrees, what is angle 4 and why. also what is the measure of angle 5 and why? you need to use the names of the angle relationship and explain.
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 in other subjects: