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(a) Reliable Cars Limited has experienced the following number of losses in the past ten (10) years: 3, 4, 3, 8, 1, 4, 4, 2,
(a) Reliable Cars Limited has experienced the following number of losses in the past ten (10) years: 3, 4, 3, 8, 1, 4, 4, 2, 2, 5. Calculate the mean, median, mode, variance, standard deviation and coefficient of variation. (20 MARKS) (b) The Maxi Trucking Company is near bankruptcy. To improve his circumstance Maxi signs a lucrative contract to haul toxic waste. In a further effort to save money, he also discontinues all of his insurance policies and skips truck and trailer inspections. Discuss Maxi's incentives and how it affects the level of risk in society
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