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Suppose 3 individuals (X, Y and Z) enter into a pooling arrangement. Assume that all the 3 individuals have the SAME loss distribution, their losses
Suppose 3 individuals (X, Y and Z) enter into a pooling arrangement. Assume that all the 3 individuals have the SAME loss distribution, their losses are independent and they share equally with the losses to the pool. Each individual can have a $59,965 with the probability of 0.22. What is the standard deviation? (nearest integer)
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