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The insurance company estimates that a total loss will occur with probability 0002 a 50 losswith probability 001 and a 25 loss with probability 01. Ignoring all other partial losses what premium should.
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A private pilot wishes to insure his airplane for 500000.

A private pilot wishes to insure his airplane for 200000. Insurance Probability Show transcribed image text A private pilot wishes to insure his airplane for 500000. A private pilot wishes to insure his airplane for 200000. The insurance company estimates that a total loss will occur with probability 0004 a 50 loss with probability 002 and a 20 loss with probability 02 Ignoring all other partial losses what premium should the insurance company charge each year tore alize a average profit of 1300. A private pilot wishes to insure his airplane for 200000. A private pilot wishes to insure his airplane for200000.
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A private pilot wishes to insure his airplane for 200000 The insurance company estimates that a total loss may occur with probability 0002 a 50 loss with probability 001 and a 25 loss with probability 01. The insurance company estimates that a total loss may occur with probability 0002 a 50 loss with probability 001 and a 25 loss with probability 01. The insurance company estimates that a total loss may occur with probability 0002 a 50 loss with probability 001 and.
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