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a. The minimum amount you would charge Risky Business for each employee covered by the unemployment policy is $ response as an integer.) b. The minimum amount you would charge Safe Business for each employee covered by the unemployment policy is $ response as an integer.) (Enter your (Enter your c. Suppose you charge the same premium to both businesses. The companies have the same number of workers and are required to purchase unemployment insurance. The minimum amount you would charge is $. (Enter your response as an integer.)

a. The minimum amount you would charge Risky Business for each employee covered by the unemployment policy is $ response as an integer.) b. The minimum amount you would charge Safe Business for each employee covered by the unemployment policy is $ response as an integer.) (Enter your (Enter your c. Suppose you charge the same premium to both businesses. The companies have the same number of workers and are required to purchase unemployment insurance. The minimum amount you would charge is $. (Enter your response as an integer.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Unemployment Insurance. Each worker employed by Risky Business has a 15 percent chance of losing his or her job in the next year. Each worker employed by Safe Business has a 2 percent chance of losing his or her job. You manage an insurance company that provides a lump sum of $10,000 to each unemployed worker. a. The minimum amount you would charge Risky Business for each employee covered by the unemployment policy is $. (Enter your response as an integer.) b. The minimum amount you would charge Safe Business for each employee covered by the unemployment policy is $ response as an integer.) - (Enter your c. Suppose you charge the same premium to both businesses. The companies have the same number of workers and are required to purchase unemployment insurance. The minimum amount you would charge is $ (Enter your response as an integer.)
Transcribed Image Text:Unemployment Insurance. Each worker employed by Risky Business has a 15 percent chance of losing his or her job in the next year. Each worker employed by Safe Business has a 2 percent chance of losing his or her job. You manage an insurance company that provides a lump sum of $10,000 to each unemployed worker. a. The minimum amount you would charge Risky Business for each employee covered by the unemployment policy is $. (Enter your response as an integer.) b. The minimum amount you would charge Safe Business for each employee covered by the unemployment policy is $ response as an integer.) - (Enter your c. Suppose you charge the same premium to both businesses. The companies have the same number of workers and are required to purchase unemployment insurance. The minimum amount you would charge is $ (Enter your response as an integer.)
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