Question: 2. What will be the premium for the policy with the deductible? (Hints: you need to take account of the probabilities of different events happening,

2. What will be the premium for the policy with the

2. What will be the premium for the policy with the deductible? (Hints: you need to take account of the probabilities of different events happening, how much care is used in each event [which might depend on the insurance policy held] and how much of the cost of that care is covered by the insurance plan.)

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