Given the following data and using the pure premium ratemaking method, calculate the insurance rate (rounded). Incurred

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Given the following data and using the pure premium ratemaking method, calculate the insurance rate (rounded). Incurred losses $750,000 Earned exposure units 12,500 Fixed expenses per exposure unit $15 Profit and contingencies factor 4%.

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Business Analytics Methods Models and Decisions

ISBN: 978-0321997821

2nd edition

Authors: James R. Evans

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Posted Date: Apr 08, 2024 11:35 PM

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Given the following data and using the pure premium ratemaking method, calculate the insurance rate (rounded). Incurred

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Business Analytics Methods Models and Decisions

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