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The chief actuary has assigned you the project of developing rates for liability coverage for their new classic and antique car liability coverage program. The chief actuary provides you with this information obtained from the company they just purchased that had been providing this type of classic car coverage in the past. Your job is to calculate:
1. The rate per exposure unit using the pure premium method.
2. The rate change for the overall book of business using the loss ratio ratemaking method.
3. The actuary also wants you to consider a judgment rating method for insuring the physical damage for the antique and classic autos. What variables or other considerations would go into this judgment rate.
Develop an argument supporting the importance of a strategic plan for the success of the defined business.
Customers who collect four winning lottery tickets are eligible for "BIG SPIN" for large payoffs. Illustrate what is probability of qualifying for big spin if a customer fills up 7 times.
Identify three (3) different strategic controls that a company should implement, and describe how each control will help the company stay on track with the implementation of its overall strategy.
A company used to produce 300 units every day, but 20% of the units were defective. After installing a new process, the defect rate has been reduced to 5%, while output has remained the same.
What is the companys productivity if no defective motors are reworked - What is the company's productivity if no defective motors are reworked?
What is the present value of the bonds? ( Round amount to the nearest cent)
Explains how comfortable would you be working in a cultural like that of success factor where a certain level of niceness is part of job description.
Describe The History And Core Business Of Each Company Kodak And Fujifilm. Determine what other management differences have impacted the relative success of Kodak and Fujifilm.
Calculate utilization also efficiency of Southwest operation. If efficiency for next month is expected to be 82%, illustrate what is expected output.
What is a supply chain? Discuss the elements of supply chain management. What impact has e-business had on supply chain management? Discuss centralization versus decentralization in purchasing. What are the advantages of each?
Explain why she fears that supervisors will be biased towards making comp1nt in house, as they tend to favour retaining more work for their people. Illustrate what should Nancy Bush do.
in the course of your day-to-day work you need to write dozens of business letters to your colleagues clients
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