CNNBC recently reported that the mean annual cost of auto insurance is 1031 dollars. Assume the standard deviation fs 204 dollars, and the cost is normally distributed. You take a simple random sample of 39 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X- N b. What is the distribution of z? - N c. What is the probability that one randomly selected auto insurance is more than $988? d. a simple random sample of 39 auto insurance policies, find the probability that the average cost is more than $988. e. For part d), is the assumption of normal necessary? ONo Yes
CNNBC recently reported that the mean annual cost of auto insurance is 1031 dollars. Assume the standard deviation fs 204 dollars, and the cost is normally distributed. You take a simple random sample of 39 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X- N b. What is the distribution of z? - N c. What is the probability that one randomly selected auto insurance is more than $988? d. a simple random sample of 39 auto insurance policies, find the probability that the average cost is more than $988. e. For part d), is the assumption of normal necessary? ONo Yes
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Give proper explanation
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman