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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
4.88 Mean and standard deviation for 10 and for 12 policies. In fact, the insurance company sees that in the entire population of homeowners, the mean loss from fire is μ = $300 and the standard
deviation of the loss is σ = $400. What are the
mean and standard deviation of the average loss
for 10 policies? (Losses on separate policies are independent.) What are the mean and standard deviation of the average loss for 12 policies?
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