A probability distribution of the claim sizes for an auto insurance policy appears in the following table.ClaimsProbability10.050.0530.3540.250.050.0570.2Find the percentage of claims within one standard deviation of the mean. Assume a normal distribution.

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A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Claims Probability 1 0.05 2 0.05 0.35 4 0.25 5 0.05 0.05 7 0.2 Find the percentage of claims within one standard deviation of the mean. Assume a normal distribution.

A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Claims Probability 1 0.05 2 0.05 0.35 4 0.25 5 0.05 0.05 7 0.2 Find the percentage of claims within one standard deviation of the mean. Assume a normal distribution.

A First Course in Probability (10th Edition)

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Author:Sheldon Ross

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Chapter1: Combinatorial Analysis

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Question

A probability distribution of the claim sizes for an auto insurance policy appears in the following table.
Claims
Probability
1
0.05
0.05
3
0.35
4
0.25
0.05
0.05
7
0.2
Find the percentage of claims within one standard deviation of the mean. Assume a normal distribution.

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