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Calculate the insurance company's objective risk using the following information: A health insurance company covers 5000 individuals. Out of these 5000 they expect 500 to be lost. Past data shows that in the past years losses were 288, 414, 230, 167

Calculate the insurance company's objective risk using the following information: A health insurance company covers 5000 individuals. Out of these 5000 they expect 500 to be lost. Past data shows that in the past years losses were 288, 414, 230, 167

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Calculate the insurance company's objective risk using the following information: A health insurance company covers 5000 individuals. Out of these 5000 they expect 500 to be lost. Past data shows that in the past years losses were 288, 414, 230, 167
Transcribed Image Text:Calculate the insurance company's objective risk using the following information: A health insurance company covers 5000 individuals. Out of these 5000 they expect 500 to be lost. Past data shows that in the past years losses were 288, 414, 230, 167
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