Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Score on last try: 0.29 of 1 pts. See Details for more. > Next question Get a similar question You can retry this question

image text in transcribed

Score on last try: 0.29 of 1 pts. See Details for more. > Next question Get a similar question You can retry this question below CNNBC recently reported that the mean annual cost of auto insurance is 1024 dollars. Assume the standard deviation is 241 dollars, and the cost is normally distributed. You take a simple random sample of 36 auto insurance policies. Round your answers to 4 decimal places. 1024 / 241 a. What is the distribution of X? X - N( 1024 b. What is the distribution of ? - N( c. What is the probability that one randomly selected auto insurance is less than $1001? d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1001. e. For part d), is the assumption of normal necessary? O No Yes Question Help: Message instructor Submit Question

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Linear Algebra with Applications

Authors: Howard Anton, Chris Rorres

9th edition

471669598, 978-0471669593

More Books

Students also viewed these Mathematics questions