Question
Medicare Hospital Insurance The average yearly Medicare Hospital Insurance benefit per person was$4064in a recent year. Suppose the benefits are normally distributed with a standard
Medicare Hospital InsuranceThe average yearly Medicare Hospital Insurance benefit per person was$4064in a recent year. Suppose the benefits are normally distributed with a standard deviation of$460.Round the final answers to at least four decimal places and intermediatez-value calculations to two decimal places.
Part 1 of 2
Find the probability that the mean benefit for a random sample of
27patients is less than$3850
P(X < 3850) = x is x bar
Part 2 of 2
Find the probability that the mean benefit for a random sample of27patients is more than$4140.
P(x > 4140) x is x bar
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