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Business, 07.10.2019 18:10 igobeastmode

Aprivate pilot wishes to insure his airplane for$200,000. the insurance company estimates that a total loss will occur with probability 0.002, a 50% losswith probability 0.01, and a 25% loss with probability 0.1. ignoring all other partial losses, what premium should the insurance company charge each year to realize an average profit of $500?

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