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An actuary analyzes a company's annual personal auto claims, M, and annual commercial auto claims, N. The analysis reveals that Var(M) = 1600, Var(N) =
An actuary analyzes a company's annual personal auto claims, M, and annual commercial auto claims, N. The analysis reveals that Var(M) = 1600, Var(N) = 900, and the correlation between M and N is 0.64. Calculate Var(M + M)
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