MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Question

Please help woth part d and e

CNNBC recently reported that the mean annual cost of auto insurance is 1042 dollars. Assume the standard
deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 40 auto
insurance policies. Round your answers to 4 decimal places.
a. What is the distribution of X? X - N( 1042
V, 280
b. What is the distribution of æ? ¤ - N( 1042
44.272 /
c. What is the probability that one randomly selected auto insurance is more than $1078?
0.4428
d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is
more than $1078.
e. For part d), is the assumption of normal necessary? O YesO No
expand button
Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 1042 dollars. Assume the standard deviation is 280 dollars, and the cost is normally distributed. You take a simple random sample of 40 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X - N( 1042 V, 280 b. What is the distribution of æ? ¤ - N( 1042 44.272 / c. What is the probability that one randomly selected auto insurance is more than $1078? 0.4428 d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is more than $1078. e. For part d), is the assumption of normal necessary? O YesO No
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman