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 4 decimal places.
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