The typical cost of damages caused by a fire in a family home is $20,000. Comparable
Chapter 5, Problem 5.124(choose chapter or problem)
The typical cost of damages caused by a fire in a family home is $20,000. Comparable costs for an apartment fire and for fire in other dwelling types are $10,000 and $2000, respectively. If four fires are independently reported, use the information in Exercise 5.123 to find the a expected total damage cost. b variance of the total damage cost.
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