Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

A person has yearly income of 100,00 which gives him 100 units of utility. this person has a 10% chance of getting an illness that would result in...

A person has yearly income of 100,00 which gives him 100 units of utility. this person has a 10% chance of getting an illness that would result in the total loss of a years income. what would be an actuarially fair pure premium for this person? a) 10,000 b)20,000 c)30,000 d)40,000 calc E)none of the above

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question