Question
An insurance company sees that in an entire population of homeowners, the mean loss from a fire is m=300 and the standard deviation for loss
An insurance company sees that in an entire population of homeowners, the mean loss from a fire is m=300 and the standard deviation for loss is o=400. What are the mean and standard deviation of the average loss for 7 policies?
mx=
ox=
standard deviation of loss for 12 policies?
mx=
ox=
How can I figure each of these?
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Essential Calculus Early Transcendental Functions
Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards
1st Edition
618879188, 618879182, 978-0618879182
