Question

If the Average Amount of Loss, as a Result of Fire, was Rupees 2 Lakhs, and Mean or Average Probability of the Loss was 1 Out of 100. What is the Mean or Average Expected Loss?

Answer 1

Answer:

If the Average Amount of Loss, as a Result of Fire, was. Rupees 2 Lakhs, and Mean or Average Probability of the. Loss was 1 Out of 100.