Question: (a) + (b) Fair premium blo) Percent loading 6. A lawnmower manufacturer has the follow ing loss distribution for its annual products liability costs: S

(a) + (b) Fair premium blo) Percent loading 6. A lawnmower manufacturer has the follow ing loss distribution for its annual products liability costs: S 0 with probability 0.984 S 50,000 with probability 0.010 $250,000 with probability 0.004 $750,000 with probability 0.002 Loss = Determine the expected claim costs for each of the following policies: a. Full insurance b. $50,000 deductible and a S500,000 limit. c. No deductible and a $700,000 limit. Captain Mack's, a seafood restaurant, offers medicaleoetcorge for its employees
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