CNNBC recently reported that the mean annual cost of auto insurance is 1002 dollars. Assume the standard deviation is 258 dollars, and the cost is normally distributed. You take a simple random sample...


CNNBC recently reported that the mean annual cost of auto insurance is 1002 dollars. Assume the standard<br>deviation is 258 dollars, and the cost is normally distributed. You take a simple random sample of 36 auto<br>insurance policies. Round your answers to 4 decimal places.<br>a. What is the distribution of X? X - N<br>b. What is the distribution of ? T<br>N(<br>c. What is the probability that one randomly selected auto insurance is less than $1040?<br>d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is<br>less than $1040.<br>e. For part d), is the assumption of normal necessary? O Yeso No<br>

Extracted text: CNNBC recently reported that the mean annual cost of auto insurance is 1002 dollars. Assume the standard deviation is 258 dollars, and the cost is normally distributed. You take a simple random sample of 36 auto insurance policies. Round your answers to 4 decimal places. a. What is the distribution of X? X - N b. What is the distribution of ? T N( c. What is the probability that one randomly selected auto insurance is less than $1040? d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1040. e. For part d), is the assumption of normal necessary? O Yeso No

Jun 09, 2022
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