What is the expected total loss? Worker compensation losses for Stallone Steel: - sample mean loss per worker =$450 - sample standard deviation per worker =$10,000 - number of workers =9,000 - Assume losses re uncorrelated What is the standard deviation of total loss? Worker compensation losses for Stallone Steel: - sample mean loss per worker =$450 - sample standard deviation per worker =$10,000 - number of workers =90,000 - Assume losses re uncorrelated What is the maximum probable loss at the 95 percent level? Worker compensation losses for Stallone Steel: - sample mean loss per worker =$450 - sample standard deviation per worker =$10,000 - number of workers =90,000 - Assume losses re uncorrelated What is the maximum probable loss at the 99 percent level? Worker compensation losses for Stallone Steel: - sample mean loss per worker =$450 - sample standard deviation per worker =$10,000 - number of workers =90,000 - Assume losses are uncorrelated