Afin has the fair.pecabili istribution loan losses due to vandalisme Loss Amount Probability $0 065 $5.000 030 $10.000 0.05 The finisconsiderine three options 1. Partial Insurance > Face amount - 55.000 Premiun - 52.000 2. Deductible Insurance > Face amount - $10,000; Deductible - 3500 Premium = $2.500 3. Full Insurance > Face amount = $10.000 Premium = 52.800 Derive the loss matrix for the firm Simply copy and paste the below lona matricolate (if you want) into your answer box and then hill out the loss matrix accordingy. Complete the loss matrix to the Calculate the Expected Cost of each option? 13 points! A firm has the following probability distribution for annual losses due to vandalism: Loss Amount Probability $0 0.65 $5,000 0.30 $10,000 0.05 The firm is considering three options: 1. Partial Insurance > Face amount = $5.000; Premium = $2,000 2. Deductible Insurance > Face amount - $10,000; Deductible - $500; Premium - $2,500 3. Full Insurance > Face amount - $10,000; Premium - $2,800 Derive the loss matrix for the firm. Simply copy and paste the below loss matrix template (if you want) into your answer box > and then fill out the loss matrix accordingly. Complete the loss matrix to then Calculate the Expected Cost of each option? (3 points) Afin has the fair.pecabili istribution loan losses due to vandalisme Loss Amount Probability $0 065 $5.000 030 $10.000 0.05 The finisconsiderine three options 1. Partial Insurance > Face amount - 55.000 Premiun - 52.000 2. Deductible Insurance > Face amount - $10,000; Deductible - 3500 Premium = $2.500 3. Full Insurance > Face amount = $10.000 Premium = 52.800 Derive the loss matrix for the firm Simply copy and paste the below lona matricolate (if you want) into your answer box and then hill out the loss matrix accordingy. Complete the loss matrix to the Calculate the Expected Cost of each option? 13 points! A firm has the following probability distribution for annual losses due to vandalism: Loss Amount Probability $0 0.65 $5,000 0.30 $10,000 0.05 The firm is considering three options: 1. Partial Insurance > Face amount = $5.000; Premium = $2,000 2. Deductible Insurance > Face amount - $10,000; Deductible - $500; Premium - $2,500 3. Full Insurance > Face amount - $10,000; Premium - $2,800 Derive the loss matrix for the firm. Simply copy and paste the below loss matrix template (if you want) into your answer box > and then fill out the loss matrix accordingly. Complete the loss matrix to then Calculate the Expected Cost of each option? (3 points)
