HW11-12

HW11-12 - (2.10 House should be insured for O A d.8\$800000...

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Unformatted text preview: (2.10) House should be insured for O A d .8\$800000 A := 6.400000 10 Fraction insured 400000 O fd A 5 (1) (1) f := 0.6250000000 Let L=loss O Loss d solve 320000 = f\$L, L Loss := 5.12000 10 O (2.11) Let f be the fraction insured. O f d solve 7500 = x\$10000, x f := O Ans d 100\$ solve 3 4 (2) (2) 5 (3) (3) (4) 120000.0 = f, X X\$200000 Ans := 80.00000000 (5) (5) (2.12) House should be insured for O A d .75\$2000000 A := 1.50000000 10 Fraction insured 120000 O fd A O 6 (6) f := 0.08000000000 O f\$175000 14000.00000 140000>120000 so company pays 120000 (2.13) Let DD=Deductible 1000 K 750 \$250.0 O DD d 1000 K 250 DD := 83.33333333 Company pays O 750 K DD 666.6666667 (2.14) (a) O .8\$12000 9600.0 (b) O min 12000 K 1000, 10000 (7) (7) (8) (8) (9) (9) (10) (10) (11) (12) 10000 (c) O 12000K O 15000 K 12000 \$5000 15000 K 5000 10500 (12) (13) (13) ...
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This note was uploaded on 04/25/2011 for the course MA 170 taught by Professor Staff during the Spring '08 term at Purdue.

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HW11-12 - (2.10 House should be insured for O A d.8\$800000...

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