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How would I calculate actuarially fair price for auto insurance per year if my yearly chance of getting in a traffic accident is 1 in
How would I calculate actuarially fair price for auto insurance per year if my yearly chance of getting in a traffic accident is 1 in 50 and getting in a traffic accident causes $50,000 in damages?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
