Question 1 CNNBC recently reported that the mean annual cost of auto insurance is 992 dollars. Assume the standard deviation is 218 dollars, and the cost is normally distributed. You take a simple...


Question 1<br>CNNBC recently reported that the mean annual cost of auto insurance is 992 dollars. Assume the<br>standard deviation is 218 dollars, and the cost is normally distributed. You take a simple random<br>sample of 40 auto 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 ? E - N(<br>c. What is the probability that one randomly selected auto insurance is more than $1008?<br>d. a simple random sample of 40 auto insurance policies, find the probability that the average<br>cost is more than $1008,<br>e. For part d), is the assumption of normal necessary? O NoO Yes<br>Submit Question<br>Question 2<br>The sampling distribution of a statistic is (select the best answer):<br>А:<br>sampling was effective.<br>B:<br>standardizing.<br>The mechanism that determines whether the random<br>A normal curve, for which probabilities are obtained by<br>C:<br>to be randomly sampled.<br>D:<br>samples of the same size, from the same population.<br>E:<br>single random sample, from the same population.<br>A distribution of all parameters from the population that is<br>A distribution of a single statistic from repeated random<br>A distribution of all possible summary statistics from a<br>O Choice A<br>O Choice B<br>O Choice C<br>O Choice D<br>O Choice E<br>

Extracted text: Question 1 CNNBC recently reported that the mean annual cost of auto insurance is 992 dollars. Assume the standard deviation is 218 dollars, and the cost is normally distributed. You take a simple random sample of 40 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 ? E - N( c. What is the probability that one randomly selected auto insurance is more than $1008? d. a simple random sample of 40 auto insurance policies, find the probability that the average cost is more than $1008, e. For part d), is the assumption of normal necessary? O NoO Yes Submit Question Question 2 The sampling distribution of a statistic is (select the best answer): А: sampling was effective. B: standardizing. The mechanism that determines whether the random A normal curve, for which probabilities are obtained by C: to be randomly sampled. D: samples of the same size, from the same population. E: single random sample, from the same population. A distribution of all parameters from the population that is A distribution of a single statistic from repeated random A distribution of all possible summary statistics from a O Choice A O Choice B O Choice C O Choice D O Choice E

Jun 08, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here