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 $1033. assume the standard deviation is $251. you take a simple random sample of 72 auto insurance policies.
find the probability that a single randomly selected value is more than $1000.
P(X>1000)= ?
find the probability that a sample of size n=72 is randomly selected with a mean that is more than $1000
P(M>1000)
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