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Question-2 (26 pts 8+8+10) A health insurance product offers the women an assurance which pays...

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Question-2 (26 pts 8+8+10) A health insurance product offers the women an assurance which pays a fixed claim when she is pregnant. The probability of a customer to be pregnant during the policy period is 15%. If the customer is pregnant, then this insurance pays a fix 24.000t to the customer for her expenses. Assuming that the variable cost of a policy is 1.000 t per customer for the company (other than the claim payments) and there is no fixed cost. a) What is the fair price (insurance premium) of this product at break-even? b) If the insurance product is sold at 7.000 t to 100 customers, what is the expected profit of the company? c) What is the probability that the company will make a profit more than 560,000 E

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