Mathematics, 03.04.2020 23:26 preservations

The Smith family has two computers, each insured for $500 of repair costs. The laptop has a 10% chance of needing a $500 repair, the desktop has a 7% chance of needing a $500 repair. There is a 2% chance that both computers will need a repair. How much should the insurance company charge the Smiths for their insurance in order for the company to have an expected profit

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The Smith family has two computers, each insured for $500 of repair costs. The laptop has a 10% chan...