An insurance agent is studying fire damage claims in a major city to see if the insurance premiums are matched to the company's risk. She takes a random sample of 20 claims, and finds the amount of each claim, in thousands of dollars. Her results are shown below: (a) Under what circumstances should one consider using a trimmed mean as a description of the center of a distribution? (b) Does the fire damage data exhibit the characteristic(s) that suggest a trimmed mean is the appropriate statistic to calculate? Explain.

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An insurance agent is studying fire damage claims in a major city to see if the insurance premiums are matched to the company's risk. She takes a random sample of 20 claims, and finds the amount of each claim, in thousands of dollars. Her results are shown below:  ​ (a) Under what circumstances should one consider using a trimmed mean as a description of the center of a distribution? (b) Does the fire damage data exhibit the characteristic(s) that suggest a trimmed mean is the appropriate statistic to calculate? Explain.

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The Answer of An insurance agent is studying fire damage claims in a major city to see if the insurance premiums are matched to the company's risk. She takes a random sample of 20 claims, and finds the amount of each claim, in thousands of dollars. Her results are shown below:  ​ (a) Under what circumstances should one consider using a trimmed mean as a description of the center of a distribution? (b) Does the fire damage data exhibit the characteristic(s) that suggest a trimmed mean is the appropriate statistic to calculate? Explain.

An Insurance Agent Is Studying Fire Damage Claims in a Major