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EXPECTED VALUE Nevada recently had a flood. The following number of insurance claims were filed for the various amounts. # CLAIMS AMOUNT 100 $1,000 150

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EXPECTED VALUE Nevada recently had a flood. The following number of insurance claims were filed for the various amounts. # CLAIMS AMOUNT 100 $1,000 150 $2,000 75 $3,000 25 $4,000 10 $5,000 1. Compute the expected value of a claim. 2. Compute the variance. 3. Compute the standard deviation

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