Suppose the average U.S. household spends $2,100 a year on all types of insurance. Suppose the figures
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Suppose the average U.S. household spends $2,100 a year on all types of insurance. Suppose the figures are uniformly distributed between the values of $400 and $3,800. What are the standard deviation and the height of this distribution? What proportion of households spends more than $3,000 a year on insurance? More than $4,000? Between $700 and $1,500?
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Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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