Question

Read the statement carefully and answer the questions.
1. Suppose you are the owner of a insurance company that insures 1000 persons. If any person becomes
a victim of accident then that person gets Rs. 2,00,000 from your company. Every year there is a
chance that 2 persons can be victims of accident. After that still your company wants to make a profit
of minimum Rs. 60.000 every year.
10.
Find out the probability that a person will be victim of accident.
Find out the probability that a person will not be victim of accident.
Using this probability how you can find out the premium amount that your company will
claim from each person so that your company will make the profit?​

Answer 1

Answer:

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