Can somebody pls explain how to solve this?
更新1:
Thanks in advance for any help!!
Will this insurance company make a profit?
2016-07-30 6:26 pm
Let's say that 20 out of 100 drivers had a car accident. If the average accident cost the insurance company $1500 and the insurance company charges $800 per policy, will the company make a profit?
Can somebody pls explain how to solve this?
Can somebody pls explain how to solve this?
回答 (2)
2016-07-30 6:41 pm
.2*1500= $300
this means there is a $300 loss per customer overall. As they are charging 800, they are making a profit of 500 per customer.
this means there is a $300 loss per customer overall. As they are charging 800, they are making a profit of 500 per customer.
2016-07-30 6:33 pm
100 policies sold will net the company $80,000 in premiums. Those 100 policies can expect to experience 20 accidents, totalling 20*$1500 = $30,000 in costs.
Premium revenues are expected to exceed costs.
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Whether the company makes a profit depends on many other things, but this is a good start.
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Another way to look at this is to consider the expected payout per customer. That is ...
.. (20/100)*1500 = $300
Since the customer pays $800 in premiums, the company should be able to make a profit.
Premium revenues are expected to exceed costs.
_____
Whether the company makes a profit depends on many other things, but this is a good start.
___
Another way to look at this is to consider the expected payout per customer. That is ...
.. (20/100)*1500 = $300
Since the customer pays $800 in premiums, the company should be able to make a profit.
收錄日期: 2021-05-01 21:05:28
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