Calculate the estimated maximum probable yearly loss(MPY) for diamond theft in 2016, based on the information in the table above. The k value can be…

Calculate the estimated maximum probable yearly loss(MPY) for diamond theft in 2016, based on the information in the table above. The k value can be accepted as 1.15. As the numbers may become difficult to manage, use R450 as the price per carat. Multiply your answer with a factor of 10 to arrive at the MPL. Show all circulations.