(Solved): Exercise 2.15 Refer to the diagram shown in Figure 2.12. (a) Calculate the potential loss . (b) ...

Exercise 2.15 Refer to the diagram shown in Figure 2.12. (a) Calculate the potential loss $?$. (b) Calculate the premium $h_A$ and the deductible $d_A$ of contract $A$. (c) Calculate the premium $h_B$ and the deductible $d_B$ of $\mathrm{contract}B$. (d) For each of the two contracts state whether it is a partial-insurance contract or a full-insurance contract. ? Figure 2.12: The diagram for Exercise 2.15