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

Discussion in 'Calculator Requests' started by math_celebrity, May 3, 2020.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    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
     
    math_celebrity, May 3, 2020
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