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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,

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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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