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(600 samples, size 2 each)

(600 samples, size 2 each). Ex. 10.10, p.261 The insurance company sees that in the entire population of homeowners, the mean loss from fire is = $250, and the standard deviation of the loss is  = $1000. If the company sells 10000 policies, what is the approximate

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(600 samples, size 2 each)

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  1. (600 samples, size 2 each)

  2. Ex. 10.10, p.261 The insurance company sees that in the entire population of homeowners, the mean loss from fire is = $250, and the standard deviation of the loss is  = $1000. If the company sells 10000 policies, what is the approximate probability that the average loss will be greater than $275?

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