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Based on the age of these 115 people, the insurance company estimates the following distribution of health care claims (which includes necessary profit and administrative
Based on the age of these 115 people, the insurance company estimates the following distribution of health care claims (which includes necessary profit and administrative costs of the insurance company). Number of Insured Anticipated Heath Costs/Year/Person $1,400 =EEEEE $1.500 *** $1,600 $1,700 51,800 $1,900 $2,000 S $2,100 5 $2,200 5 $2,300 5 $2,400 5 $2.500 5 $2,600 $2,700 $2,800 5 $2,900 5 $3,000 5 $3,100 5 $3,200 $3,300 5 $4,000 5 $7,000 5 $10,000 ut If there is one common premium for those in the insurance pool what would it be?! I ed States MacBook Air Based on the age of these 115 people, the insurance company estimates the following distribution of health care claims (which includes necessary profit and administrative costs of the insurance company) Number of Insured 5 Anticipated Heath Costs/Year/Person $1,400 $1,500 $1,600 $1,700 $1,800 $1,900 5 5 5 RE 5 EUR DES $2,000 $2,100 $2,200 $2,300 $2,400 $2,500 $2,600 $2,700 $2,800 $2,900 $3,000 $3,100 $3,200 $3,300 $4,000 $7,000 $10,000 5 5 5 5 5 Everyone joins the pool and pays the necessary premium in the first year. The claims experience of the customers is found to be generally consistent with expectations of the insurance company. A) What would be the premium in the second year if there is no inflation, based on the company's experience from the past year? tel MacBook Air
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