Question
Given the following probability distribution, determine: (1)the expected loss (2)the median loss (3)the standard deviation of loss (4)the coefficient of variation Scenario Loss amount Probability
Given the following probability distribution, determine:
(1)the expected loss
(2)the median loss
(3)the standard deviation of loss
(4)the coefficient of variation
Scenario Loss amount Probability
large loss $10,000 0.1
small loss $1,000 0.3
No loss $0 0.6
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Management Process
Authors: Lee Long
4th Edition
978-0201822939,0201822938
