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For an insurance company, a customer has a 20% chance of filing claim of $500, 30% chance of filing claim of $1000 and 50% chance
For an insurance company, a customer has a 20% chance of filing claim of $500, 30% chance of filing claim of $1000 and 50% chance of no claim. What is the standard deviation of the claim for the customer? round to 2 decimal places
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