A janitorial services company offers medical costs coverage for its employees. Its probability distribution for medical costs for the coming year is as follows: $0 with probability of 0.9335 $ 4,000 with probability of 0.0500 $ 6,000 with probability of 0.0100 $ 15,000 with probability of 0.0050 $ 80,000 with probability of 0.0010 $ 800.000 with probability of 0.00050 Determine the expected claim costs for each of the following policies: a) Full insurance (6 MARKS) b) $5,000 deductible, 25 percent odinsurance ance, and a $500,000 limit (8 MARKS) c) How do mutual Insurers accumulate capitale How does that differ from stock Insurers (3 MARKS) d) Describe the major investments held by property- lability insurers and life-health insurers. (3 MARKS) A janitorial services company offers medical costs coverage for its employees. Its probability distribution for medical costs for the coming year is as follows: $0 with probability of 0.9335 $ 4,000 with probability of 0.0500 $ 6,000 with probability of 0.0100 $ 15,000 with probability of 0.0050 $ 80,000 with probability of 0.0010 $ 800.000 with probability of 0.00050 Determine the expected claim costs for each of the following policies: a) Full insurance (6 MARKS) b) $5,000 deductible, 25 percent odinsurance ance, and a $500,000 limit (8 MARKS) c) How do mutual Insurers accumulate capitale How does that differ from stock Insurers (3 MARKS) d) Describe the major investments held by property- lability insurers and life-health insurers