Question: Please help quickly!! Thank you so much in advance! it's all that was provided. a loss matrix table needs to be completed it's the best

Please help quickly!! Thank you so much in advance!

Please help quickly!! Thank you so much in advance! it's all that

was provided. a loss matrix table needs to be completed it's the

it's all that was provided. a loss matrix table needs to be completed

it's the best picture I am able to get, you can always zoom in. Please please help!

A firm has the following probability distribution for annual losses due to vandalism: Loss Amount Probability $0 0.55 $5.000 0.40 $10,000 0.05 The firm is considering three options: 1. Partial Insurance > Face amount = $5,000; Premium = $3,000 2. Deductible Insurance > Face amount = $10,000; Deductible - $500; Premium = $3.500 3. Retention plus loss prevention. Loss Prevention cost $400. Probability changes to 70% for $0 loss, 25% for $5,000 loss. $10,000 probability remains the same ***Answer in the text box below: Derive the loss matrix for the firm. Simply copy and paste the below loss matrix into your answer box and then fill out the loss matrix accordingly. After completing the loss matrix - Calculate the Expected Cost of each option? (6 points) Derive the loss matrix for the firm. Simply copy and paste the below loss matrix into your answer box and then fill out the loss matrix accordingly. After completing the loss matrix - Calculate the Expected Cost of each option? (6 points) A firm has the following probability distribution for annual losses due to vandalism: Loss Amount Probability $0 0.55 $5.000 0.40 $10,000 0.05 The firm is considering three options: 1. Partial Insurance > Face amount = $5,000; Premium = $3,000 2. Deductible Insurance > Face amount = $10,000; Deductible - $500; Premium = $3.500 3. Retention plus loss prevention. Loss Prevention cost $400. Probability changes to 70% for $0 loss, 25% for $5,000 loss. $10,000 probability remains the same ***Answer in the text box below: Derive the loss matrix for the firm. Simply copy and paste the below loss matrix into your answer box and then fill out the loss matrix accordingly. After completing the loss matrix - Calculate the Expected Cost of each option? (6 points) Derive the loss matrix for the firm. Simply copy and paste the below loss matrix into your answer box and then fill out the loss matrix accordingly. After completing the loss matrix - Calculate the Expected Cost of each option? (6 points)

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