Question
An insurance company offers an insurance policy worth P100, 000 if a policy holder loses a job. The company found out that the chance of
An insurance company offers an insurance policy worth P100, 000 if a policy holder loses a job. The company found out that the chance of that happening to a policy holder is two out of 100. If the insurance company wants to make a profit of 25 percent for every insurance policy, how much should they charge for a premium?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
