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Assume that homeowners losses are normally distributed. If average losses are $7,926 and the standard deviation of losses is $2,298, what is the probability that

Assume that homeowners losses are normally distributed. If average losses are $7,926 and the standard deviation of losses is $2,298, what is the probability that losses with be:

less than $1,000?
less than $5,000?
greater than $10,000?
between $7,000 and $9,000?
How is this information useful to the company?

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