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Business, 20.02.2020 16:49 paytonpaige22

You can insure a $42,000 diamond for its total value by paying a premium of D dollars. If the probability of loss in a given year is estimated to be 0.02, what premium should the insurance company charge if it wants the expected gain to equal $1,000?

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You can insure a $42,000 diamond for its total value by paying a premium of D dollars. If the probab...
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