Mr. Kester has started an actuarial consulting firm in Des Moines and has rented a building to be used as the office of his firm. The probability that a tornado would strike his office during the upcoming year is 0.03. If a tornado strikes, the damage to his office would be uniformly distributed between $5,000 and $35,000. Assuming only one tornado may strike per year, calculate the variance of the tornado damage to Mr. Kester’s office during the upcoming year

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Mr. Kester has started an actuarial consulting firm in Des Moines and has rented a building to be used as the office of his firm. The probability that a tornado would strike his office during the upcoming year is 0.03. If a tornado strikes, the damage to his office would be uniformly distributed between $5,000 and $35,000.

Assuming only one tornado may strike per year, calculate the variance of the tornado damage to Mr. Kester’s office during the upcoming year

 
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