Statistics Quest

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Interpretation, difficulty 2 of 3

Describe claim sizes for a manager

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Among policies with a claim, claim amounts have mean 14 439 SAR, median 6 884 SAR, skewness 10.4 and one claim of 480 000 SAR. In two or three sentences, describe the shape of the distribution for a non-specialist manager and say which typical value to quote.

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