Assume you have a laptop worth 2900. There is a 3 percent chance of it getting lost what’s the fair | MathCelebrity Forum

Assume you have a laptop worth 2900. There is a 3 percent chance of it getting lost what’s the fair

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math_celebrity

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Assume you have a laptop worth 2900. There is a 3 percent chance of it getting lost what’s the fair premium insurance?

Fair premium Insurance = Price * probability of loss:
Fair premium Insurance = 2,900 * 3%
Fair premium Insurance = 87
 
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