A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Find the percentage of claims within one standard deviation of the mean.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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A probability distribution of the claim sizes for an auto insurance policy appears in the following table.

Find the percentage of claims within one standard deviation of the mean.

 

Claims
Probability
0.45
2
0.05
3
0.1
4
0.1
0.15
6.
0.1
7
0.05
Transcribed Image Text:Claims Probability 0.45 2 0.05 3 0.1 4 0.1 0.15 6. 0.1 7 0.05
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