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Consider two individuals: Chris and Emily. Suppose that the probability of a car accident for each of them is 20 percent or 0.20 causing a

Consider two individuals: Chris and Emily.

Suppose that the probability of a car accident for each of them is 20 percent or 0.20 causing a loss of 3000 dollars.

Suppose that their accidents are positively and perfectly correlated.

Can they benefit from pooling? Please support your answer with proper calculations

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