Question: + (b) Fair premiui 72-25 (a) Percent loading A lawnmower manufacfurer has the follow- ing loss distribution for its annual products liability costs: $ 0

+ (b) Fair premiui 72-25 (a) Percent loading A lawnmower manufacfurer has the follow- ing loss distribution for its annual products liability costs: $ 0 with probability 0.984 $ 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. 30o b $50,000 deductible and a $500,000 limit. No deductible and a $700,000 limit. ptain Mack's, a seafood restaurant, offers rdical cost coverage for its mnloves It
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