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Actusci

Subject

Probability

School

Cass business school

Type

Homework

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Response to question 1Yearly premium =150,000 2.20 = 1,000Response to question 2Yearly premium = 330Loading cost = 2.5% 330 = 8.25(330 + 8.25)Equivalent monthly premium == . 12Response to question 3The question asked on proposal form to establish whether one is a smoker is: Do you smoke?Depending on the age, a smoker rate can be about 2 to 5 times the non-smoker rate.Response to question 4Yearly premium =500,000 (2.20 0.10) = , 1,000Response to ques ...
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