If the average probability of an accident of those insured with Patakazo is 7%, and the average
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Question:
If the average probability of an accident of those insured with Patakazo is 7%, and the average value of the cars insured by the same company is $23,000, what is the average premium paid by New Yorkers insured with Patakazo if we assume the insurance company makes zero economic profits.
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Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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