An insurance company estimates that its customers have 2% probability of getting.Into an accident which will result

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An insurance company estimates that its customers have 2% probability of getting.Into an accident which will result in a medical bill of $52876.

What is the actuarially fair premium for full insurance?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jul 05, 2023 01:12 AM

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An insurance company estimates that its customers have 2% probability of getting.Into an accident which will result

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Microeconomics An Intuitive Approach with Calculus

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