CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard deviation is 219 dollars, and the cost is normally distributed. You take a simple random sample of 8 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X-N 1050 219 b. What is the distribution of a? - N( 1050 c. What is the probability that one randomly selected auto insurance is less than $996? 0.4013 d. a simple random sample of 8 auto insurance policies, find the probability that the average cost is less than $996. e. For part d), is the assumption of normal necessary? Yes No > Next Question 77.42
CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard deviation is 219 dollars, and the cost is normally distributed. You take a simple random sample of 8 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X-N 1050 219 b. What is the distribution of a? - N( 1050 c. What is the probability that one randomly selected auto insurance is less than $996? 0.4013 d. a simple random sample of 8 auto insurance policies, find the probability that the average cost is less than $996. e. For part d), is the assumption of normal necessary? Yes No > Next Question 77.42
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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Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard
deviation is 219 dollars, and the cost is normally distributed. You take a simple random sample of 8 auto
insurance policies. Round your answers to 4 decimal places.
a. What is the distribution of X? X - N 1050
b. What is the distribution of a? - N 1050
c. What is the probability that one randomly selected auto insurance is less than $996? 0.4013
d. a simple random sample of 8 auto insurance policies, find the probability that the average cost is less
than $996.
e. For part d), is the assumption of normal necessary? Yes No
> Next Question
219
77.42
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