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Problems L An insurer has a group of 500 vans to insure with loss parameters of E(X) - $150 and VAR(X)-280,000. 2 a. Find
Problems L An insurer has a group of 500 vans to insure with loss parameters of E(X) - $150 and VAR(X)-280,000. 2 a. Find E(T) and VAR(T). b. Find the total gross premium to be charged if Z-2.33. c Find the gross premium to be charged to insure one van. An insurer has the following dollar loss distribution (X) for one exposure unit Probability 0 1,000 5,000 2 25.000 1.0 Find E(X) and VAR(X) If there are 400 policyholders and the insurer sets Z-1.645, what is the total gross premium? What is the gross premium per policy?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
