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1.Assume that in 2020, the university realised a drop in revenue of 50%. The business and the engineering schools have a combined revenue decrease of

1.Assume that in 2020, the university realised a drop in revenue of 50%. The business and the engineering schools have a combined revenue decrease of 45%. Of this decrease, 37% is revenue lost from fewer Chinese students enrolling in the two schools. Would the policy be triggered in 2020? Calculate the total amount of premiums paid by the two schools. If the policy is triggered, what is the total insurance payout?

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