MSNBC recently reported that the mean annual cost of auto insurance is 966 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 94 auto insurance policies. Find the probability that a single randomly selected value exceeds 962 dollars. = Incorrect0.5058 Find the probability that a sample of size is randomly selected with a mean that exceeds 962 dollars. = Correct Enter your answers as numbers accurate to 4 decimal places.
MSNBC recently reported that the mean annual cost of auto insurance is 966 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 94 auto insurance policies. Find the probability that a single randomly selected value exceeds 962 dollars. = Incorrect0.5058 Find the probability that a sample of size is randomly selected with a mean that exceeds 962 dollars. = Correct Enter your answers as numbers accurate to 4 decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 22PFA
Related questions
Question
MSNBC recently reported that the mean annual cost of auto insurance is 966 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 94 auto insurance policies.
Find the probability that a single randomly selected value exceeds 962 dollars.
= Incorrect0.5058
Find the probability that a sample of size is randomly selected with a mean that exceeds 962 dollars.
= Correct
Enter your answers as numbers accurate to 4 decimal places.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 9 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL