Mathematics, 05.05.2021 23:10, abolton04

A motorcycle Insurance company has 5,000 policy holders, and the accident rate is 0.08. The company needs to invest $400,000 this year. Each accident costs $18,000 on average. If they want a plan with a deductible of $4,000, they need to charge a minimum of $(blank) for premiums. if they want a plan with a premium of $1,000, they need to charge a minimum of $(blank) for deductibles.

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A motorcycle Insurance company has 5,000 policy holders, and the accident rate is 0.08. The company...