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In any given year, bad weather can damage a house. From year to year, the damage is random. Let D be the dollar value of damages in any given year. 95% of the time, D = $0 and 5% of the time D = $25,000. a. Compute the mean and standard deviation of the damage in any given year
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In any given year, bad weather can damage a house. From year to year, the damage is random. Let D be...
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