### Question 7CNNBC recently reported that the mean annual cost of auto insurance is 985 dollars. Assume the standard deviation is 181 dollars. You will use a simple random sample of 142 auto insurance policies.1. **Find the probability that a single randomly selected policy has a mean value between 985 and 986.5 dollars.** \( P(985 < X < 986.5) = \)2. **Find the probability that a random sample of size \( n = 142 \) has a mean value between 985 and 986.5 dollars.** \( P(985 < M < 986.5) = \)Enter your answers as numbers accurate to 4 decimal places.**Question Help:**- [Video](#)**Submit Question** Button(Note: There are no graphs or diagrams in the image.)

According to the given information in this question We need to answer two subparts

Answered: Question 7 < > CNNBC recently reported…

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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