An insurance company needs to determine the annual premium required to break even on fire...
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Accounting
An insurance company needs to determine the annual premium required to break even on fire protection policies with a face value of $ If is the claim size on these policies and the analysis is restricted to the losses $$ and $ then the probability distribution of is as shown in the table. What premium should customers be charged for the company to break even? Round your answer to the nearest dollar.
table
a $
b $
c $
d $
e $
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