(b) Shirhan is an engineer who launched two branches of workshop at Gombak and Petaling...
70.2K
Verified Solution
Link Copied!
Question
Accounting
(b) Shirhan is an engineer who launched two branches of workshop at Gombak and Petaling Jaya last month. As an owner of the business, he realizes that company's costs may not be high with certainty. The capital for Gombak and Petaling Jaya branches are RM50,000 and RM67,800 respectively. The probability of loss occur for Gombak is 0.07 with cost equal to RM18,500. However, the probability of loss occur for Petaling Jaya is 0.10 with cost of loss equal to RM20,400. Shirhan already review for three different policies and the following is the information for each policy: Policy Branch Sahara Canara Religare Premium Gombak RM1,600 RM2,000 RM2,200 Petaling Jaya RM1,980 RM3,950 RM4,190 Coverage Gombak RM15,000 RM18.000 RM25,000 Petaling Jaya RM19,600 RM20,399 RM20,670 Based on the information above, calculate and justify the expected wealth of each insurance policy for each assembly units. (10 marks) [25 Mark] (b) Shirhan is an engineer who launched two branches of workshop at Gombak and Petaling Jaya last month. As an owner of the business, he realizes that company's costs may not be high with certainty. The capital for Gombak and Petaling Jaya branches are RM50,000 and RM67,800 respectively. The probability of loss occur for Gombak is 0.07 with cost equal to RM18,500. However, the probability of loss occur for Petaling Jaya is 0.10 with cost of loss equal to RM20,400. Shirhan already review for three different policies and the following is the information for each policy: Policy Branch Sahara Canara Religare Premium Gombak RM1,600 RM2,000 RM2,200 Petaling Jaya RM1,980 RM3,950 RM4,190 Coverage Gombak RM15,000 RM18.000 RM25,000 Petaling Jaya RM19,600 RM20,399 RM20,670 Based on the information above, calculate and justify the expected wealth of each insurance policy for each assembly units. (10 marks) [25 Mark]
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!