One Warehouse owner where the values in terms of property and assets is at 50.000$ for each warehouse. Per Climate records, the possibility of Hurricane in the area is 20%, such peril will cause the loss of entire asset value. 

Find the Standard Deviation in this scenario.

Answer rating: 100% (QA)

To find the standard deviation in this scenario you can use the formula for the standard deviation of a probability distribution which takes into account the possible outcomes and their associated probabilities The standard deviation o ... View the full answer