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2. An insurance company looks at the records for millions of homeowners and sees that the mean loss from fire in a year is u

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2. An insurance company looks at the records for millions of homeowners and sees that the mean loss from fire in a year is u = $250 per house and that the standard deviation of the loss is o = $1,000.. The company plans to sell re insurance for $250 plus enough to cover its costs and make a profit. If the company sells 10,000 policies, what is the probability that the average loss in a year will be greater than $270? What do I know? M: 190/ lam/WC O"? l 000 m 2 l 0000 What do I want to nd? Pam/\"uh What do I expect the answer to be? Does this as

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