Your insurance company has a policy to insure personal property. Assume you have a laptop computer worth $1,800, and there is a 4% chance that the laptop will be lost or stolen during the next year. What would be a fair premium for the insurance? (We are assuming that the insurance company earns no profit).
in Statistics Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

4% av 1800=0.04*1800

Related questions

1 answer
asked May 15, 2020 by anonymous | 183 views
Welcome to, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!
86,901 questions
93,939 answers
24,250 users