CNNBC recently reported that the mean annual cost of auto insurance is 1020 dollars. Assume the standard deviation is 247 dollars. You take a simple random sample of 68 auto insurance policies. Find the probability that a single randomly selected value is less than 975 dollars. P(X < 975) = Find the probability that a sample of size n=68n=68 is randomly selected with a mean less than 975 dollars. P(M < 975) = around to four places
CNNBC recently reported that the mean annual cost of auto insurance is 1020 dollars. Assume the standard deviation is 247 dollars. You take a simple random sample of 68 auto insurance policies. Find the probability that a single randomly selected value is less than 975 dollars. P(X < 975) = Find the probability that a sample of size n=68n=68 is randomly selected with a mean less than 975 dollars. P(M < 975) = around to four places
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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CNNBC recently reported that the mean annual cost of auto insurance is 1020 dollars. Assume the standard deviation is 247 dollars. You take a simple random sample of 68 auto insurance policies.
Find the probability that a single randomly selected value is less than 975 dollars.
P(X < 975) =
Find the probability that a sample of size n=68n=68 is randomly selected with a mean less than 975 dollars.
P(M < 975) =
around to four places
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