Question
NNBC recently reported that the mean annual cost of auto insurance is 1003 dollars. Assume the standard deviation is 112 dollars. You will use a
NNBC recently reported that the mean annual cost of auto insurance is 1003 dollars. Assume the standard deviation is 112 dollars. You will use a simple random sample of 86 auto insurance policies.
Find the probability that a single randomly selected policy has a mean value between 1022.3 and 1025.9 dollars.
P(1022.3 <X< 1025.9) =
Find the probability that a random sample of sizen
=
86
n=86
has a mean value between 1022.3 and 1025.9 dollars.
P(1022.3 <
x
x
< 1025.9) =
Enter your answers as numbers accurate to 4 decimal places.
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