CNNBC recently reported that the mean annual cost of auto insurance is 1043 dollars. Assume the standard deviation is 278 dollars. You take a simple random sample of 54 auto insurance policies. Find the probability that a single randomly selected value is less than 989 dollars. P(X < 989) = Find the probability that a sample of size n = 54 is randomly selected with a mean less than 989 dollars. P(M < 989) = Enter your answers as numbers accurate to 4 decimal places.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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CNNBC recently reported that the mean annual cost of auto insurance is 1043 dollars. Assume the standard
deviation is 278 dollars. You take a simple random sample of 54 auto insurance policies.
Find the probability that a single randomly selected value is less than 989 dollars.
P(X < 989) =
Find the probability that a sample of size n =
54 is randomly selected with a mean less than 989 dollars.
P(M < 989) =
Enter your answers as numbers accurate to 4 decimal places.
Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 1043 dollars. Assume the standard deviation is 278 dollars. You take a simple random sample of 54 auto insurance policies. Find the probability that a single randomly selected value is less than 989 dollars. P(X < 989) = Find the probability that a sample of size n = 54 is randomly selected with a mean less than 989 dollars. P(M < 989) = Enter your answers as numbers accurate to 4 decimal places.
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