CNNBC recently reported that the mean annual cost of auto insurance is 1035 dollars. Assume the standard deviation is 126 dollars. You will use a simple random sample of 142 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 1012.8 and 1049.8 dollars. P(1012.8

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A: Introduction Each possible situation of a random phenomenon is indicated by the probability…