The mean annual cost of automobile insurance is $939. Assume that the standard deviation is $245. What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean for the sample size 400? a) None of the answers are correct b) 0.7586 c) 0.6586 d) 0.9586 e) 0.8586
The mean annual cost of automobile insurance is $939. Assume that the standard deviation is $245. What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean for the sample size 400? a) None of the answers are correct b) 0.7586 c) 0.6586 d) 0.9586 e) 0.8586
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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Transcribed Image Text:The mean annual cost of automobile insurance is $939. Assume that the standard
deviation is $245. What is the probability that a simple random sample of
automobile insurance policies will have a sample mean within $25 of the population
mean for the sample size 400?
a) None of the answers are correct
b) 0.7586
c) 0.6586
d) 0.9586
e) 0.8586
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