An insurance risk manager has observed that the most common insurance product purchased by business cost 32m and it is actually a normally distributed random insurance product, with a mean of 32.2 m and a standard deviation of .3 m 1.lf a customer buys one insurance product, what is the probability that the insurance will cost more than 32m? 2.1f a customer buys a 4 insurance products, what is the probability that the mean amount of the 4 insurance products will be greater than 32m?
An insurance risk manager has observed that the most common insurance product purchased by business cost 32m and it is actually a normally distributed random insurance product, with a mean of 32.2 m and a standard deviation of .3 m 1.lf a customer buys one insurance product, what is the probability that the insurance will cost more than 32m? 2.1f a customer buys a 4 insurance products, what is the probability that the mean amount of the 4 insurance products will be greater than 32m?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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