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Assume that Fred faces a potential liability exposure. The standard deviation of the probability distribution for the loss equals $12,000. Assume that Fred joins a

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Assume that Fred faces a potential liability exposure. The standard deviation of the probability distribution for the loss equals $12,000. Assume that Fred joins a risk pool with 899 other people with the same loss distribution whose losses are independent of each other. As one of 900 pool members, Fred's risk equals which of the following? $0 $400 $900 $1200 None of the above

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