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QUESTION
Calculate the estimated maximum probable yearly loss (MPY) for diamond theft in 2016, based on the information in the table above. The k value can be accepted as 1.15. As the numbers may become diffic
Calculate the estimated maximum probable yearly loss (MPY) for diamond theft in 2016, based on the information in the table above. The k value can be accepted as 1.15. As the numbers may become difficult to manage, use R450 as the price per carat. Multiply your answer with a factor of 10 to arrive at the MPL. Show all calculations.
