CNNBC recently reported that the mean annual cost of auto insurance is 1049 dollars. Assume the standard deviation is 264 dollars. You take a simple random sample of 59 auto insurance policies. Find the probability that a single randomly selected value is more than 970 dollars. P(X > 970) = PArt 2 Find the probability that a sample of size n=59n=59 is randomly selected with a mean that is more than 970 dollars. P(M > 970) =

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A: From the provided information, Mean (µ) = 1001 dollars Standard deviation (σ) = 251 dollars

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