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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 A

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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 A = $250 per house and that the standard deviation of the loss is o = $1,000. The company plans to sell fire 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? What do I want to find? What do I expect the answer to be? How do I go from what I know to what I want to find out? Does this answer seem reasonable

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