CNNBC recently reported that the mean annual cost of auto insurance is 1015 dollars. Assume the...
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CNNBC recently reported that the mean annual cost of auto insurance is 1015 dollars. Assume the standard deviation is 295 dollars. You take a simple random sample of 88 auto insurance policies. Find the probability that a single randomly selected value is less than 981 dollars. PX < 981) - Find the probability that a sample of size n = 88 is randomly selected with a mean less than 981 dollars. P(M < 981) -| Enter your answers as numbers accurate to 4 decimal places. CNNBC recently reported that the mean annual cost of auto insurance is 1015 dollars. Assume the standard deviation is 295 dollars. You take a simple random sample of 88 auto insurance policies. Find the probability that a single randomly selected value is less than 981 dollars. PX < 981) - Find the probability that a sample of size n = 88 is randomly selected with a mean less than 981 dollars. P(M < 981) -| Enter your answers as numbers accurate to 4 decimal places.
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Posted Date:
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