Business
Business, 14.12.2021 22:30, nhjkhfh

An insurance company suffers a loss of $1000 per accident. Half the population is of high risk type with probability of accident being one, and other half is low risk type with probability of accident being zero. high risk type are willing to buy insurance for $1200,and low risk type are willing to buy for $400.What percentage of the population will buy insurance? a. 0%
b. 50%
c. 75%
d. 100%

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Answers: 3

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An insurance company suffers a loss of $1000 per accident. Half the population is of high risk type...

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