CNNBC recently reported that the mean annual cost of auto insurance is 1017 dollars. Assume thestandard deviation is 205 dollars. You take a simple random sample of 86 auto insurance policies.Find the probability that a single randomly selected value is less than 972 dollars.P(X < 972) =Find the probability that a sample of size n = 86 is randomly selected with a mean less than 972dollars.P(M < 972) =Enter your answers as numbers accurate to 4 decimal places.

Given Data Population Mean,μ = 1017.0 Population Standard Deviation,σ = 205.0

Answered: CNNBC recently reported that the mean…

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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