Suppose that there are fifty individuals with the following…

Suppose that there are fifty individuals with the following chance of loss:                                                       80% chance of no loss                            20% chance of a $2,500 loss   Describe what the distribution graph would look like? 

Earl has three insurance policies on one asset, all of which…

Earl has three insurance policies on one asset, all of which provide coverage for loss due to fire. Given a covered loss of $80,000, the policy amounts below and a pro-rata liability provision written in each policy, how much will policy A pay for the loss?           Policy A coverage = $80,000         Policy B coverage = $80,000         Policy C coverage = $40,000