CNNBC recently reported that the mean annual cost of auto insurance is 956 dollars. Assume the standard deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 38 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X - N( 956 280 b. What is the distribution of ? T - N( 956 c. What is the probability that one randomly selected auto insurance is more than $906? 45.4220 0.5709 d. a simple random sample of 38 auto insurance policies, find the probability that the average cost is more than $906. e. For part d), is the assumption of normal necessary? Yes No o
CNNBC recently reported that the mean annual cost of auto insurance is 956 dollars. Assume the standard deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 38 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X - N( 956 280 b. What is the distribution of ? T - N( 956 c. What is the probability that one randomly selected auto insurance is more than $906? 45.4220 0.5709 d. a simple random sample of 38 auto insurance policies, find the probability that the average cost is more than $906. e. For part d), is the assumption of normal necessary? Yes No o
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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![CNNBC recently reported that the mean annual cost of auto insurance is 956 dollars. Assume the standard
deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 38 auto
insurance policies. Round your answers to 4 decimal places.
a. What is the distribution of X? X - N( 956
280
b. What is the distribution of ? T - N( 956
c. What is the probability that one randomly selected auto insurance is more than $906?
45.4220
0.5709
d. a simple random sample of 38 auto insurance policies, find the probability that the average cost is
more than $906.
e. For part d), is the assumption of normal necessary?
Yes
No o](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b777d6f-e580-4c2d-b03c-b69688883f11%2F4987b01a-8c48-4b54-9dde-09b6bea1c63e%2Fha85vfg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 956 dollars. Assume the standard
deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 38 auto
insurance policies. Round your answers to 4 decimal places.
a. What is the distribution of X? X - N( 956
280
b. What is the distribution of ? T - N( 956
c. What is the probability that one randomly selected auto insurance is more than $906?
45.4220
0.5709
d. a simple random sample of 38 auto insurance policies, find the probability that the average cost is
more than $906.
e. For part d), is the assumption of normal necessary?
Yes
No o
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