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tawhid111 tawhid111
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11 months ago
The severity of loss involves estimating

▸ each possible loss scenario and its respective probability and taking the weighted average of the possible scenarios.

▸ the worst-case value of the loss.

▸ the probability of the loss and applying that to the replacement value of the loss.

▸ the likelihood that loss will occur and applying it to the value of the loss.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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joshamjosham
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11 months ago
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tawhid111 Author
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11 months ago
Thanks
Fleury
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Yesterday
You make an excellent tutor!
AlahuKakpar
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2 hours ago
Brilliant ツ
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