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Author Question: An automobile insurance company estimates the following loss probabilities for the next year on a ... (Read 55 times)

darbym82

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on: Jan 16, 2020
An automobile insurance company estimates the following loss probabilities for the next year on a $25,000 sports car:

Assuming the company will sell only a $500 deductible policy for this model (i.e., the owner covers the first $500 damage), how much annual premium should the company charge in order to average $500 profit per policy sold?
Statistics: Informed Decisions Using Data ¦ Sullivan ¦ 5th Edition
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Marked as best answer by darbym82 on Jan 16, 2020

mcarey591

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Reply #1 on: Jan 16, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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darbym82

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Reply 2 on: Jan 16, 2020
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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