Calculate each of the following problems each is worth 3 points; show your work. Print out and be prepared to turn-in @ 8:00 am Tuesday (03.10.20) at the start of class. Homework turned in after 8:10 am will result in a 50% deduction of the earned points. Calculate the Rate using the Pure Premium Ratemaking Method for the following data sets: Problem 1 Problem 2 Problem 3 Paid Losses Loss Adjustment Expense Written Exposure Units Earned Exposure Units Expense Amount Profit Contingency Factor $ 450,000 $ 50,000 15,000 10,000 $ 75,000 10% $2,000,000 10% 50,000 25,000 $250,000 5% $100,000 15% 10,000 8,000 $10,000 8% Calculate each of the following problems each is worth 3 points; show your work. Print out and be prepared to turn-in @ 8:00 am Tuesday (03.10.20) at the start of class. Homework turned in after 8:10 am will result in a 50% deduction of the earned points. Calculate the Rate using the Pure Premium Ratemaking Method for the following data sets: Problem 1 Problem 2 Problem 3 Paid Losses Loss Adjustment Expense Written Exposure Units Earned Exposure Units Expense Amount Profit Contingency Factor $ 450,000 $ 50,000 15,000 10,000 $ 75,000 10% $2,000,000 10% 50,000 25,000 $250,000 5% $100,000 15% 10,000 8,000 $10,000 8%