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March 27, 2017

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comment on this statement "The mean loss for customers at the first State bank (which is not insured) was $150.00 the standard deviation of the losses was -$125.00"

  • statistics - ,

    There is a lot of variability in the losses. 68% lost between $25 and $375. Below Z = -1.2, 11.51% lost nothing.

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