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An insurance company estimates that it should make an annual profit of $230 on each homeowner's policy written, with a
Posted: Wed Jul 06, 2022 6:20 am
by answerhappygod
An insurance
company estimates that it should make an annualprofit of $230 on each homeowner's policy written, with astandard deviation of $6000.
Question:If the
company writes only three of these policies,what is the standard deviation of the annual profit?Answer to two decimal places as needed.