CNNBC recently reported that the mean annual cost of auto insurance is 968 dollars. Assume the standard deviation is 259 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( 968 259 b. What is the distribution of T? T - N( 968 c. What is the probability that one randomly selected auto insurance is less than $1015? 43.1667 0.5714 d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1015. e. For part d), is the assumption of normal necessary? O YesO No

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

please round to 4 decimal places for alll!!!

CNNBC recently reported that the mean annual cost of auto insurance is 968 dollars. Assume the standard
deviation is 259 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( 968
259
b. What is the distribution of T? T - N( 968
c. What is the probability that one randomly selected auto insurance is less than $1015?
43.1667
0.5714
d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is
less than $1015.
e. For part d), is the assumption of normal necessary? O YesO No
Transcribed Image Text:CNNBC recently reported that the mean annual cost of auto insurance is 968 dollars. Assume the standard deviation is 259 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( 968 259 b. What is the distribution of T? T - N( 968 c. What is the probability that one randomly selected auto insurance is less than $1015? 43.1667 0.5714 d. a simple random sample of 36 auto insurance policies, find the probability that the average cost is less than $1015. e. For part d), is the assumption of normal necessary? O YesO No
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman