Question 6/25 (1) Answer is mandatory ABC insurance company sells 1-year term insurance policies strictly...
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Question 6/25 (1) Answer is mandatory ABC insurance company sells 1-year term insurance policies strictly for female ages 70. The premium for each policy is $200 with sum insured of 50,000. The probability of claim in policy equals to 0.000106. If the company has sold 5,000 policies for the year 2021, and it has a capital of 1,000,000; Determine the probability that the company will not have a sufficient funds to pay its total claims? >96% 0 99%
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