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
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