The American Council of Life Insurance and the Life Insurance Marketing and Research Association have reported that

Question:

The American Council of Life Insurance and the Life Insurance Marketing and Research Association have reported that insured households with heads 35 to 44 years old had an average of $186,100 of life insurance coverage. Assuming a normal distribution and a standard deviation of $40,000, what is the probability that a randomly selected household with a head in this age group had less than $130,000 in life insurance coverage?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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