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Amanufacturing company is launching a new consumer product The manufacturing company is considering taking out an insurance policy to cover possible losses incurred by marketing

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Amanufacturing company is launching a new consumer product The manufacturing company is considering taking out an insurance policy to cover possible losses incurred by marketing the new product if the product is a complete failure the manufacturing company will incur a loss of $80.000 the product is only moderately successful the manufacturing company's loss is estimated to be $25.000 Alth insurance company Insurance actuales have determined that the chances that the product would be a complete failure or only moderately successful are 001 and 005, respectively a. What premium should the insurance company charge the manufacturing company for a policy to insure the marketing campaign in order to make an expected profit of 1000? To make an expected profit of 1000, the insurance company should charge a premium of Provide an integer value) b. Using the answer in parte compute the standard deviation of the insurance company's net cash flow The standard deviation of the insurance company's net cash flow is provide an integer value)

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