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can u solve this I will rate you .thank you Ms. Brown wants to insure her new car priced at $50,000 by paying annual premium
can u solve this I will rate you .thank you
Ms. Brown wants to insure her new car priced at $50,000 by paying annual premium to the insurance company. In the case of serious accident, Ms. Brown is supposed to get full price of a car. The probability of the serious accident in the coming year is estimated to be 0.05. The insurance company wants the expected gain to be $1500. The yearly premium Ms. Brown is supposed to pay to the insurance company is equal toStep by Step Solution
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