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Forum: Science, Math, and Philosophy

07-26-2007, 04:19 PM

Replies: 6

Insurance Calculation

Views: 151

Posted By prohornblower

Re: Insurance Calculation

Yeah, I came up with that $71.20 number as well the first time.

Basically he signs up for the exam ($102) and sends me $71.20, and if he fails the exam and retakes, then I'll buy his retate...

Forum: Science, Math, and Philosophy

07-26-2007, 03:33 PM

Replies: 6

Insurance Calculation

Views: 151

Posted By prohornblower

Insurance Calculation

If I wanted to offer a friend insurance for a $102 test in which I estimate he has only about a 40% chance of passing, how do I calculate the rate?

Say I want to add a flat $10 fee for profit. ...

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