Exam Review Calculate a premium for the following exposure to risk and assume expenses and...
60.1K
Verified Solution
Link Copied!
Question
Finance
Exam Review Calculate a premium for the following exposure to risk and assume expenses and profit make up 35 percent of premium. Pick the closest answer. Event Frequency Severity No Loss 96 -0- Petty Theft .035 $15,000 Big Theft 2005 $400,000 Premium Expected Loss (1 - ER) ER = Expense Ratio (% of Premiums for Expenses and Profit), this will be given
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.