Question

suppose that you are a insurance company that insures 1000 person.if any person becomes a victim of accident that person gets rs 200000 from your company.every year their is a chance of 2 person victim of accident.after that still your company wants to make a profit minimum of 60000 every year i)find out the probability of that a person will be victim of accident?ii) find out the probability of that a person will not victim of accident iii)using this probability how can find out the premium amount that your company will claim each person so that your company will make the profit?​

Answer 1

Answer:

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