An insurance company knows that in the entire population of millions of homeowners, the mean annual loss from fire is μ = $250 and the standard deviation of the loss is σ = $1000. the distribution of losses is strongly right-skewed: most policies have $0 loss, but a few have large losses. if the company sells 10,000 policies, can it safely base its rates on the assumption that its average loss will be no greater than $275? write a conclusion in the context of the problem.