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inking through statistics/probability problems? Is there any trick or thought process one could use to read and understand what the problem is asking?...

what is a key to thinking through statistics/probability problems? Is there any trick or thought process one could use to read and understand what the problem is asking? I noticed that I get lost and confused just reading a statistic problem... not understanding how it should be set up.. Thank you for the advice!
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8441147.docx

The sum gives us the different possible damages that can be there. Also the probabilities of
occurrence of such damages are also given. However we cannot specify the exact loss that the
company...

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