Question: please explain how to calculate these numbers 3. ( 50 points) A manufacturing firm incurred the following insured losses, in the order given, during the

please explain how to calculate these numbers

3. ( 50 points) A manufacturing firm incurred the following insured losses, in the order given, during the current policy year? How much would the company's insurer pay for each loss if the policy contained the following type of deductible? 1. $1000 straight deductible ( 25 points) Rubric: 10 points given for the answer, 15 points given for the procedure of calculation. 2. \$15,000 annual aggregate deductible ( 25 points) Rubric: 10 points given for the answer; 15 points given for the procedure of calculation

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