International Journal of Statistical Distributions (Vol. 1, 2015) study of a variable life insurance policy, Exercise 4.97 (p. 239). Recall that a ratio (x) of the rates of return on the investment for two consecutive years was shown to have a normal distribution, with μ = 1.5 and o= .2. Consider a random sample of 100 variable life insurance policies and let represent the mean ratio for the sample. a. Find E(T) and interpret its value.

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