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Calculate the expected value, variance and standard deviation for the following probability distribution for automobile damages. Possible outcomes for damages $0 $500 $1,000 $5,000 $10,000

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Calculate the expected value, variance and standard deviation for the following probability distribution for automobile damages. Possible outcomes for damages $0 $500 $1,000 $5,000 $10,000 Probability 0.50 0.30 0.10 0.06 0.04

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