Question

CNNBC recently reported that the mean annual cost of auto insurance is 991 dollars. Assume the...

CNNBC recently reported that the mean annual cost of auto insurance is 991 dollars. Assume the standard deviation is 199 dollars. You will use a simple random sample of 83 auto insurance policies.

Find the probability that a single randomly selected policy has a mean value between 938.6 and 1047.8 dollars.
P(938.6 < X < 1047.8) =

Find the probability that a random sample of size n=83n=83 has a mean value between 938.6 and 1047.8 dollars.
P(938.6 < M < 1047.8) =

Enter your answers as numbers accurate to 4 decimal places.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
CNNBC recently reported that the mean annual cost of auto insurance is 1048 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1048 dollars. Assume the standard deviation is 207 dollars. You take a simple random sample of 91 auto insurance policies. Find the probability that a single randomly selected value is at least 998 dollars. P(X > 998) = Find the probability that a sample of size n=91 is randomly selected with a mean that is at least 998 dollars. P(M > 998) = Enter your answers as numbers...
CNNBC recently reported that the mean annual cost of auto insurance is 1008 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1008 dollars. Assume the standard deviation is 130 dollars. You will use a simple random sample of 110 auto insurance policies. Find the probability that a single randomly selected policy has a mean value between 998.1 and 1041.5 dollars. P(998.1 < X < 1041.5) = Find the probability that a random sample of size n=110n=110 has a mean value between 998.1 and 1041.5 dollars. P(998.1 < M <...
CNNBC recently reported that the mean annual cost of auto insurance is 1045 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1045 dollars. Assume the standard deviation is 219 dollars. You take a simple random sample of 59 auto insurance policies. Find the probability that a single randomly selected value is less than 979 dollars. P(X < 979) = Find the probability that a sample of size n=59n=59 is randomly selected with a mean less than 979 dollars. P(M < 979) = Enter your answers as numbers accurate to...
CNNBC recently reported that the mean annual cost of auto insurance is 1004 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1004 dollars. Assume the standard deviation is 238 dollars. You take a simple random sample of 58 auto insurance policies. Find the probability that a single randomly selected value is less than 998 dollars. P(X < 998) = Find the probability that a sample of size n=58n=58is randomly selected with a mean less than 998 dollars. P(¯xx¯ < 998) = Enter your answers as numbers accurate to 4...
CNNBC recently reported that the mean annual cost of auto insurance is 1048 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1048 dollars. Assume the standard deviation is 211 dollars. You take a simple random sample of 94 auto insurance policies. Find the probability that a single randomly selected value is less than 962 dollars. P(X < 962) = Find the probability that a sample of size n=94 is randomly selected with a mean less than 962 dollars. P(M < 962) = Enter your answers as numbers accurate to...
CNNBC recently reported that the mean annual cost of auto insurance is 1000 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1000 dollars. Assume the standard deviation is 229 dollars. You take a simple random sample of 100 auto insurance policies. Find the probability that a single randomly selected value is less than 989 dollars. P(X < 989) = Find the probability that a sample of size n = 100 n = 100 is randomly selected with a mean less than 989 dollars. P(M < 989) = Enter your...
CNNBC recently reported that the mean annual cost of auto insurance is 953 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 953 dollars. Assume the standard deviation is 290 dollars. You take a simple random sample of 66 auto insurance policies. Find the probability that a single randomly selected value is less than 960 dollars. P(X < 960) = Find the probability that a sample of size n=66n=66 is randomly selected with a mean less than 960 dollars. P(M < 960) = Enter your answers as numbers accurate to...
CNNBC recently reported that the mean annual cost of auto insurance is 1032 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1032 dollars. Assume the standard deviation is 267 dollars. You take a simple random sample of 87 auto insurance policies. Find the probability that a single randomly selected value is more than 974 dollars. P(X > 974) = Find the probability that a sample of size n=87n=87 is randomly selected with a mean that is more than 974 dollars. P(M > 974) = Enter your answers as numbers...
**ASAP** CNNBC recently reported that the mean annual cost of auto insurance is 975 dollars. Assume...
**ASAP** CNNBC recently reported that the mean annual cost of auto insurance is 975 dollars. Assume the standard deviation is 298 dollars. You take a simple random sample of 58 auto insurance policies. Find the probability that a single randomly selected value is less than 987 dollars. P(X < 987) = Find the probability that a sample of size n=58n=58 is randomly selected with a mean less than 987 dollars. P(M < 987) = Enter your answers as numbers accurate...
CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the...
CNNBC recently reported that the mean annual cost of auto insurance is 1050 dollars. Assume the standard deviation is 235 dollars. You take a simple random sample of 97 auto insurance policies. Find the probability that a single randomly selected value is less than 999 dollars.  P(X < 999) =