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The mean annual cost of automobile insurance is $939. Assume that the standard deviation is $245. a) What is the probability that a simple random
The mean annual cost of automobile insurance is $939. Assume that the standard deviation is $245. a) 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 each of the following sample sizes: 30, 50, 100, and 400? (Write Excel function)
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