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In which of the following cases should one purchase insurance? Question 1 options: -None of the choices are correct. -High-severity, high-frequency -Low-severity, high-frequency -Low-severity, low-frequency

In which of the following cases should one purchase insurance?

Question 1 options:

-None of the choices are correct.

-High-severity, high-frequency

-Low-severity, high-frequency

-Low-severity, low-frequency

-High-severity, low-frequency

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