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An insurer issues two independent policies to individuals of the same age. The insurer models the...

An insurer issues two independent policies to individuals of the same age. The insurer models the distribution of the completed number of years until death for each individual, and uses the geometric distribution P(N = k) = (.99)k(0.01), where k=0, 1, 2,... and N is the completed number of years until death for each individual. Find the probability that the two individuals die in the same year.

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