A group of individuals each face a 1 probability of
A group of individuals each face a 1% probability of suffering a loss of $10,000, a 4% probability of suffering a $1,000 loss, a 20% probability of suffering a $500 loss, and a 75% probability of no loss.
What is the actuarially-fair premium.
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a company xyz is considering manufacturing a product in space the project lifetime is 10 years and has the following
a group of individuals each face a 1 probability of suffering a loss of 10000 a 4 probability of suffering a 1000 loss
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