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( b. What is the distribution of T? T - N( c. What is the probability that one randomly selected auto insurance is more than $906?
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( b. What is the distribution of T? T - N( c. What is the probability that one randomly selected auto insurance is more than $906?
MATLAB: An Introduction with Applications
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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(
b. What is the distribution of T? T - N(
c. What is the probability that one randomly selected auto insurance is more than $906?
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? O YesO No](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5c3ba4c-cb5e-4df8-996d-5b3ff55de2bb%2Fde8b14fb-ee4e-4a06-9ea3-43f41a3a6b89%2Fnrirdc_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(
b. What is the distribution of T? T - N(
c. What is the probability that one randomly selected auto insurance is more than $906?
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? O YesO No
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