Please Double Check answers I've recived 3 wrong answers on three diffrent questions today thank you CNNBC...

90.2K

Verified Solution

Question

Basic Math

Please Double Check answers I've recived 3 wrong answers onthree diffrent questions today thank you

CNNBC recently reported that the mean annual cost of autoinsurance is 1006 dollars. Assume the standard deviation is 245dollars. You take a simple random sample of 73 auto insurancepolicies.

Find the probability that a single randomly selected value isless than 973 dollars. P(X < 973) =

Find the probability that a sample of size n = 73 is randomlyselected with a mean less than 973 dollars. P(M < 973) =

Answer & Explanation Solved by verified expert
4.1 Ratings (481 Votes)
SolutionGiven thatmean 1006 dollerstandard    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students