Question: Please explain in detail answer step by step Consider the following information: A) (1.75 points) Use the Pure Premium Method to calculate proposed relativities for

 Please explain in detail answer step by step Consider the following

Please explain in detail answer step by step

Consider the following information: A) (1.75 points) Use the Pure Premium Method to calculate proposed relativities for Territory 1, 2, and 3. Keep Territory 1 as the base level. B) (0.25 points) Suppose that while working on the proposed rate change you discover that territory 3 has a higher proportion of homes that are worth >$750,000 than territory 1 and territory 2. What procedure could you use to help improve your analysis from part A)? C) (0.25 points) Assuming that territory 3 has a higher proportion of more expensive homes, how might you adjust the relativities selected in part A)? No calculations needed for this part

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