What is the probability that both will need repair

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In developing their warranty policy, an automobile company estimates that over a 1-year period 17% of their new cars will need to be repaired once, 7% will need repairs twice, and 4% will require three or more repairs. You and your spouse each buy a new car.

1) What is the probability that both will need repair in the first year?

2) What is the probability that at least one car will need repair in the first year?

Reference no: EM132386848

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