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Calculate the estimated maximum probable yearly loss for diamond theft in 2016,based on the information in the table. The k value can be accepted as

Calculate the estimated maximum probable yearly loss for diamond theft in 2016,based on the information in the table. The k value can be accepted as 1.5. As the numbers may become difficult to manage, use the R450 as the price per carat. Multiply your answer with the factor of 10 to arrive at the MPL. Show all calculations

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