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Bell Curve, Inc., estimates the expected value and standard deviation of its total lia- bility losses for the forthcoming year as $10 million and $3

Bell Curve, Inc., estimates the expected value and standard deviation of its total lia- bility losses for the forthcoming year as $10 million and $3 million, respectively. If Bell Curve assumes that total losses have the normal distribution, what is the predicted maximum probable loss at the 95 percent level? At the 99 percent level? Show all work involved.

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