CNNBC recently reported that the mean annual cost of auto insurance is 1025 dollars. Assume the standard deviation is 264 dollars. You take a simple random sample of 50 auto insurance policies. Find the probability that a single randomly selected value exceeds 975 dollars. P(X > 975) -1 Find the probabiltity that a sample of size n = 50 is randomly selected with a mean that exceeds 975 dollars. P(M > 975)- Enter your answers as numbers accurate to 4 decimal places. Question Help: Message instructor Submit Question
CNNBC recently reported that the mean annual cost of auto insurance is 1025 dollars. Assume the standard deviation is 264 dollars. You take a simple random sample of 50 auto insurance policies. Find the probability that a single randomly selected value exceeds 975 dollars. P(X > 975) -1 Find the probabiltity that a sample of size n = 50 is randomly selected with a mean that exceeds 975 dollars. P(M > 975)- Enter your answers as numbers accurate to 4 decimal places. Question Help: Message instructor Submit Question
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 2GP
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