CNNBC recently reported that the mean annual cost of auto insurance is 1025 dollars. Assume the standard deviation is 25
Posted: Tue Jul 05, 2022 9:57 am
CNNBC recently reported that the mean annual cost of auto insurance is 1025 dollars. Assume the standard deviation is 257 dollars. You take a simple random sample of 59 auto insurance policies. Find the probability that a single randomly selected value is less than 971 dollars. P(x < 971) = Find the probability that a sample of size n = 59 is randomly selected with a mean less than 971 dollars. P(Z < 971) Enter your answers as numbers accurate to 4 decimal places.