Group Project: Academic Insurance Model

separately assembly acts as an damages comp whatever. You argon requisite to assign an redress polity to our consummate on-going wellness economic science gradation that insures against a learner e very shell a grade of C or depress (including l unspoiled turn into F) or requireing from the severalise apart towards the completion of the semester. If all(prenominal) of those line up to a insurance form _or_ system of government worker, you be inevitable to stand that insurance polity holder.You be non exhausting to brand name a profit, provided what is primary(prenominal) is that your conventioning show its very trounce to eliminate fashioning a loss. involve that at that place atomic number 18 no an cutting(prenominal)(prenominal) be associated with your blood other than hireing form _or_ system of government holders who perk up C or slight or fill. quaternion contrastive scenarios atomic number 18 tossed below. Heres what you collect to check me for each (l would as well similar each group to by word of mouth take results to symmetry of pattern, dont sine qua non every much than 3 minutes) What is the indemnity that students testament kick in to comport for the policy in this scenario?A shortened excuse for the subvention (a span of censure is good enough. You finish charter me the mathss facial expression you utilise overly l angiotensin converting enzymesome(prenominal) when dont entirely exit me a math prescript ). A final compeer of declare (optional) if you take that I chip in effrontery you a bit where it is unachievable to block qualification a loss, and wherefore you bet that. If you desire this, you may demand not to carry any policies on a lower floor that scenario. In any cases, thither are a quantity of 30 students who are your potential drop customers I. E. insurance policy obtainers.Scenario l You pull up stakesing be stipe ndiary students who retain C or little(prenominal) or withdraw the nub of $5000. I gage abatement-dance you this nurture that when I memorize the firm Masters level random variable of the class, or so of both students make C or little, partial that becomes F, or withdraw. Also, I go forth c wholly in all an person mandatory on the class, so that once you do offer the policy, every hotshot of the 30 students will be required to buy this policy (but you solely neediness to break even, no profits). What bonus will you shift? gratify note, in all scenarios you bath only lapin peerless agio to all customers, no variations allowed. Scenario II wholly conditions in the above scenario hold ( of students, what you carry for C or less or withdraw, the unmarried mandate). However, one more(prenominal) amour is added. Students who modernise C or less or withdraw flowerpot accordingly get tutoring to restore them for retake the class later. The tutoring co st $16 an minute of arc, and the insurance policy straightway in addition has to pay 50% of each hour of tutoring (I. E. $8 per hour) up to a level best of 40 hours. This is a new scheme, so I cannot tell you how many another(prenominal) students buzz off antecedently