Question 41 (2 points)

A company estimates its probability and costs of loss over the next year to be:

Loss	Probability
$50,000	0.5%
$40,000	1.0%
$30,000	1.5%
$20,000	2.0%
$ 10,000	2.5%
$ 0	92.5%

What would be the maximum price the company would be willing to pay for a policy that covers this loss with a $0 deductible?

Question 41 options:

	$1,750
	$1,500
	$1,000
	They would not purchase insurance