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Anew golf course is scheduled to open on September 1 . In the event of rain, the grand opening will be postponed until the next
Anew golf course is scheduled to open on September 1\" . In the event of rain, the grand opening will be postponed until the next day, unless it also rains on that day, in which case it will be postponed again. The management of the golf course has purchased insurance which will pay them $8, 000 for the rst day of postponement, $10, 000 for the second day of postponement and $12, 000 for the third day of postponement. No further payments will be made for continuing rain. The insurance company has assumed that the number of consecutive days of rain starting September 1'\" is distributed Poisson with parameter z\\ = 0.5. Calculate the standard deviation of the payment by the insurance company. Possible Answers
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