is 204 dollars, and the cos normally insurance policies. Round your answers to 4 decimal places. You take a simple random sample of 40 auto a. What is the distribution of X? X N 1048 204 or or b. What is the distribution of ? N 1048 1048 x) 0 1048 c. What is the probability that one randomly selected auto insurance is more than $1047? || d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is more than $1047. e. For part d), is the assumption of normal necessary? No Yes
is 204 dollars, and the cos normally insurance policies. Round your answers to 4 decimal places. You take a simple random sample of 40 auto a. What is the distribution of X? X N 1048 204 or or b. What is the distribution of ? N 1048 1048 x) 0 1048 c. What is the probability that one randomly selected auto insurance is more than $1047? || d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is more than $1047. e. For part d), is the assumption of normal necessary? No Yes
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question

Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 1048 dollars. Assume the standard
deviation is 204 dollars, and the cost is normally distributed. You take a simple random sample of 40 auto
insurance policies. Round your answers to 4 decimal places.
a. What is the distribution of X? X - N( 1048
b. What is the distribution of ? ~ N( 1048
1048
x) 0 1048
c. What is the probability that one randomly selected auto insurance is more than $1047?
✓,204
or or
d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is
more than $1047.
e. For part d), is the assumption of normal necessary? O No Yes
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