Question: Sara has a 5 - year - old laptop that she uses for work. She wants to take out a $ 2 , 0 0
Sara has a yearold laptop that she uses for work. She wants to take out a $ term insurance policy to cover any damages to the laptop until it reaches years old. Assume that the probability of the laptop encountering a major technical issue in each of the next years is as follows:
x agePtechnical issue
Sara is applying to an insurance company for her laptop insurance policy. If the insurance company wants to make a profit of $ above the expected total losses, how much should it charge for the policy?
$$$$$
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