Mathematics, 16.07.2021 02:40, aidendespatieshakim

An insurance company has the following types of insureds: Type A: high risk insureds with a mean loss of 3,000 and a standard deviation of 10. Type B: low risk insureds with a mean loss of 1,000 and a standard deviation of 5. You are given that 40% of the insureds are high risk. Determine the variance of the amount of loss that the insureds incur.

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