MSNBC recently reported that the mean annual cost of auto insurance is 966 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 94 auto insurance policies. Find the probability that a single randomly selected value exceeds 962 dollars.   = Incorrect0.5058 Find the probability that a sample of size is randomly selected with a mean that exceeds 962 dollars.   = Correct Enter your answers as numbers accurate to 4 decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 22PFA
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MSNBC recently reported that the mean annual cost of auto insurance is 966 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 94 auto insurance policies.

Find the probability that a single randomly selected value exceeds 962 dollars.
  = Incorrect0.5058

Find the probability that a sample of size is randomly selected with a mean that exceeds 962 dollars.
  = Correct

Enter your answers as numbers accurate to 4 decimal places.

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