•An automobile insurer has found that repair claims have a mean
of $920 and a standard...
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Statistics
•An automobile insurer has found that repair claims have a meanof $920 and a standard deviation of $870. Suppose that the next 100claims can be regarded as a random sample from the long-run claimsprocess.
What is the probability that the average of the 100 claims islarger than $900?
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