CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard deviation is 211 dollars, and the cost is normally distributed. You take a simple random sample of 12 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 ? - N( c. What is the probability that one randomly selected auto insurance is more than $1072? d. a simple random sample of 12 auto insurance policies, find the probability that the average cost is more than $1072. e. For part d), is the assumption of normal necessary? Yes No Check Answer
CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard deviation is 211 dollars, and the cost is normally distributed. You take a simple random sample of 12 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 ? - N( c. What is the probability that one randomly selected auto insurance is more than $1072? d. a simple random sample of 12 auto insurance policies, find the probability that the average cost is more than $1072. e. For part d), is the assumption of normal necessary? Yes No Check Answer
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 1050 dollars. Assume the standard
deviation is 211 dollars, and the cost is normally distributed. You take a simple random sample of 12 auto
insurance policies. Round your answers to 4 decimal places.
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a. What is the distribution of X? X - N(
b. What is the distribution of ? - N(
c. What is the probability that one randomly selected auto insurance is more than $1072?
d. a simple random sample of 12 auto insurance policies, find the probability that the average cost is more
than $1072.
e. For part d), is the assumption of normal necessary?
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Yes No
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