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  2. Assume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical.

Assume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical.

Posted by:Brian Posted on:Sep 19,2020
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Assignment 1 Chapter 1: Risk and its treatment 5 marks Answer the following questions: 1. Assume that the chance of loss is 3 percent for
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