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Business, 21.03.2020 08:55 BlackMilkTea

3. Assume that the risk manager has a worry value (WV) equal to $900 for retention and a WV of $300 for deductible insurance. If the risk manager decides to minimize TOTAL COST, which of the three risk management alternatives does she choose? Show all total cost calculations and explain why the risk manager selects a particular option.

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3. Assume that the risk manager has a worry value (WV) equal to $900 for retention and a WV of $300...
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