Question: please choose the correct ans i dont have time 1. During last year, Med insurance company sold 10,000 health coverage policies to individuals whose age

please choose the correct ans i dont have time

1. During last year, Med insurance company sold 10,000 health coverage policies to individuals whose age is between 50 and 60 years old. Medical expenses were estimated at $6,500,000 last year. If 40% of the premium is used to cover administrative expenses and the remaining covers the medical expenses, how much should Med charge each policy holder? O a. $1833.33 b. $1625 O c. $1265 O d. $108333 e None of the above

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