Plate-glass insurance claims reveal a mean claim size of $120 and a standard deviation of $15. Assuming

Question:

Plate-glass insurance claims reveal a mean claim size of $120 and a standard deviation of $15. Assuming that the claim size X is normally distributed, calculate the size x of claim such that 800 of the claims might be expected to be less than x and 700 greater.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

Question Posted: