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Mathematics, 26.07.2019 13:30 asilverman
An automotive insurance company has 25,000 policyholders. the accident rate is 0.07. the number of accidents the company will have to pay out for is ( . if the payout for each claim (after deductibles) is $8,000, the company’s total payouts will amount to $ ( if the company wants to keep a profit margin of 8%, the premium it must charge is $( the company can set aside a maximum amount of $( for this year’s investments. answer choices (1) a. 1250 b. 1500 c. 1750 d. 2000 (2) a.10,000,000 b. 12,000,000 c.13,000,000 d. 13,000,000 (3) a. 561.6 b. 583.2 c. 596.2 d. 604.8 (4) a. 40,000 b. 580,000 c. 905,000 d. 1,120,000 pls ! ive tried this like 10 !
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An automotive insurance company has 25,000 policyholders. the accident rate is 0.07. the number of a...
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