**Practice Problem 30A**

A property owner faces two random losses and with the following joint density function:

The property owner purchases an insurance policy to cover the total loss . This policy does not have a deductible. What is the expected payment to the property owner under this policy?

**Practice Problem 30B**

Use the same information as in Problem 30A. What is the variance of the payment to the property owner under this policy?

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**Answers**

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