CMP for CM2 (Utility Theory)

Discussion in 'CM2' started by Jia Syuen, Aug 1, 2019.

  1. Jia Syuen

    Jia Syuen Very Active Member

    In the section of "Finding the maximum premium",

    Isn't the answer of P 8.333? Why it states that
    "This individual would be willing to pay up to £8,833.33 for insurance", why not £8,333.33?
     
  2. Anna Bishop

    Anna Bishop ActEd Tutor Staff Member

    Hi Jia

    Thanks for finding this typo - we'll get it added to our Corrections document.

    Anna
     

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