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 1018 dollars. Assume the standard deviation is 262 dollars. You take a simple random sample of 86 auto insurance policies.
Find the probability that a single randomly selected value is less than 987 dollars.
P(X < 987) =
Find the probability that a sample of size n=86n=86 is randomly selected with a mean less than 987 dollars.
P(M < 987) =
Enter your answers as numbers accurate to 4 decimal places.
Find the probability that a single randomly selected value is less than 987 dollars.
P(X < 987) =
Find the probability that a sample of size n=86n=86 is randomly selected with a mean less than 987 dollars.
P(M < 987) =
Enter your answers as numbers accurate to 4 decimal places.
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