MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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CNNBC recently reported that the mean annual cost of auto insurance is 1002 dollars. Assume the standard
deviation is 258 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.
a. What is the distribution of X? X - N
b. What is the distribution of ? T
N(
c. What is the probability that one randomly selected auto insurance is less than $1040?
d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is
less than $1040.
e. For part d), is the assumption of normal necessary? O Yeso No
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Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 1002 dollars. Assume the standard deviation is 258 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. a. What is the distribution of X? X - N b. What is the distribution of ? T N( c. What is the probability that one randomly selected auto insurance is less than $1040? d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1040. e. For part d), is the assumption of normal necessary? O Yeso No
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