Auto insurance reported to an insurance company are, Financial Management

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Auto insurance reported to an insurance company are

Auto insurance reported to an insurance company are independent and uniformly distributed between 0 and 20,000. The company covers each loss subject to a deductible of 5,000. Calculate the probablity that the total payout on 200 reported losses is between 1,000,000 and 1,200,000.

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Financial Management: Auto insurance reported to an insurance company are

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Financial Management: Auto insurance reported to an insurance company are

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