SOLUTION: Atrap and Bracken are two rival insurance companies. Atrap has a yearly premium of $7,000 and a deductible of $6,000. Bracken has a yearly premium of $6,000 and a deductible of $5,
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-> SOLUTION: Atrap and Bracken are two rival insurance companies. Atrap has a yearly premium of $7,000 and a deductible of $6,000. Bracken has a yearly premium of $6,000 and a deductible of $5,
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Question 1178218: Atrap and Bracken are two rival insurance companies. Atrap has a yearly premium of $7,000 and a deductible of $6,000. Bracken has a yearly premium of $6,000 and a deductible of $5,000. The average expense of surgery is $25,000.
For Bracken to break even (suffer no loss and earn no profit) over the passage of 3 years, about how many claims for surgical procedures can the 1,000 insured people file?
A. 1,000
B. 900
C. 90
D. 18
E. 180 Answer by MathLover1(20850) (Show Source):
You can put this solution on YOUR website! -> how much he makes in years for each person insured before any filed claims
->how much he makes from people insured before any filed claims
-> his average cost for each claim filed for surgical procedures
-> amount of surgical procedures the insured people can claim for him to break even
