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  1. business
  2. accounting
  3. 6. given the following loss distribution: $200,000

6. Given the following loss distribution: $200,000with prob. 0.10 Loss-$60,000 with prob. 0.20 0 with...

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Accounting

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6. Given the following loss distribution: $200,000with prob. 0.10 Loss-$60,000 with prob. 0.20 0 with prob. 0.70 Please calculate fair premium for a policy provides full coverage under the following assumptions: 30% of pure premium; (2) interest rate is 5%; (3) fair profit is 10% of pure premium. (I) underwriting costs is

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