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6. In the claims department of an insurance office various quantities are computed at the end of each day's business. On Monday, 20 claims are received for a particular class of policy. The mean claim amount is calculated to be K4,500 and the standard deviation to be K2,540. On Tuesday, the claims are reviewed and one claim which was incorrectly recorded as K13,000 is now corrected to K3,000. Determine the mean and standard deviation of the corrected set of claims.

6. In the claims department of an insurance office various quantities are computed at the end of each day's business. On Monday, 20 claims are received for a particular class of policy. The mean claim amount is calculated to be K4,500 and the standard deviation to be K2,540. On Tuesday, the claims are reviewed and one claim which was incorrectly recorded as K13,000 is now corrected to K3,000. Determine the mean and standard deviation of the corrected set of claims.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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6. In the claims department of an insurance office various quantities are computed at the end of each day's business. On Monday, 20 claims are received for a particular class of policy. The mean claim amount is calculated to be K4,500 and the standard deviation to be K2,540. On Tuesday, the claims are reviewed and one claim which was incorrectly recorded as K13,000 is now corrected to K3,000. Determine the mean and standard deviation of the corrected set of claims.
Transcribed Image Text:6. In the claims department of an insurance office various quantities are computed at the end of each day's business. On Monday, 20 claims are received for a particular class of policy. The mean claim amount is calculated to be K4,500 and the standard deviation to be K2,540. On Tuesday, the claims are reviewed and one claim which was incorrectly recorded as K13,000 is now corrected to K3,000. Determine the mean and standard deviation of the corrected set of claims.
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