CNNBC recently reported that the mean annual cost of auto insurance is 968 dollars. Assume the standard deviation is 259 dollars, and the cost is normally distributed. You take a simple random sample of 36 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 - N( c. What is the probability that one randomly selected auto insurance is less than $1015? d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1015. e. For part d), is the assumption of normal necessary? O YesO No
CNNBC recently reported that the mean annual cost of auto insurance is 968 dollars. Assume the standard deviation is 259 dollars, and the cost is normally distributed. You take a simple random sample of 36 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 - N( c. What is the probability that one randomly selected auto insurance is less than $1015? d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1015. e. For part d), is the assumption of normal necessary? O YesO No
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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