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An insurance company has experienced a frequency of 10% over a time period. Their total loss costs are $500,000 during the same time period. The
An insurance company has experienced a frequency of 10% over a time period. Their total loss costs are $500,000 during the same time period. The company has experienced potential exposure units of 10,000 during this time period. What is the insurance company's severity during the time period
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
