Question: 1. Solve for the Yield Loss 2. Solve for Yield Insurance indemnity 3. Solve for expected yield 4. Solve for Fair Premium Farm Information for

1. Solve for the Yield Loss

2. Solve for Yield Insurance indemnity

3. Solve for expected yield

4. Solve for Fair Premium 1. Solve for the Yield Loss 2. Solve for Yield Insurance indemnity

Farm Information for Questions 5 and 6 Weather Conditions Probability Yield Loss Yield Insurance Indemnity Cavara Draucht - Formula Bar Very Dry Very Wet 5% 10% 10% Soybean Yield (bushels/acre) 31 42 55 45 T Flooding Good Weather Great Weather 5% 50% 20% 70 Guarantee (bu) Price $10.00 Question 5 5 Question 6 Expected Yield Fair Prem

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Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

How accurate is this information (compared to information in Step 2)?

How influential does this public see itself as being within the organization?

How does or how might the key public affect your organization?