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1. Loss forecasting using the normal distribution (use z-table provided in class). a) Assume that the number of fire losses is normally distributed with a

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1. Loss forecasting using the normal distribution (use z-table provided in class). a) Assume that the number of fire losses is normally distributed with a mean of 40 and a standard deviation of 20 . 1) What is the probability that the number of the fire losses will be between 20 and 50 ? 2) What is the probability that the number of the fire losses will be between 50 and 70 ? b) Assume that automobile collision damage is normally distributed with m= 5,000 and s=2,000. 1) What is the probability that the collision damage is less than 7,500 ? 2) What is the probability that the collision damage is greater than 6,000

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