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Business, 26.02.2020 05:44 hellokitty1647
2. An insurance company insures large number of independent individual houses. The expected average loss for each house for 1 year period is $600, and the standard deviation of the average loss is $100. Let us assume that the average loss follows the normal distribution. Using Normdist() function in Excel, calculate the probability that the average loss will exceed $850.
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2. An insurance company insures large number of independent individual houses. The expected average...
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