subject
Mathematics, 01.12.2020 14:10 micahsocool23

An automobile insurer has found that repair claims are normally distributed with a mean of $780 and a standard deviation of $730. (a) Find the probability that a single claim, chosen at random, will be less than $730.

(b) Now suppose that the next 80 claims can be regarded as a random sample from the long-run claims process. Find the probability that the average x¯ of the 80 claims is smaller than $730.

(c) If a sample larger than 80 claims is considered, there would be chance of getting a sample with an average smaller then $730. (NOTE: Enter ''LESS'', ''MORE'' or ''AN EQUAL'' without the quotes.)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 20.06.2019 18:02
The hypotenuse of a 45 -45 -90 triangle measure 7 square root 2 units
Answers: 2
question
Mathematics, 21.06.2019 14:50
(a) compute the maclaurin polynomial m2(x) for f(x) = cos x. (b) use the polynomial of part (a) to estimate cos π 12. (c) use a calculator to compute the error made using the estimate from part (b) for the value of cos π 12. remember that the error is defined to be the absolute value of the difference between the true value and the estimate.
Answers: 2
question
Mathematics, 21.06.2019 18:00
The ratio of wooden bats to metal bats in the baseball coach’s bag is 2 to 1. if there are 20 wooden bats, how many metal bats are in the bag?
Answers: 1
question
Mathematics, 21.06.2019 20:20
Which of the following best describes the delian problem?
Answers: 3
You know the right answer?
An automobile insurer has found that repair claims are normally distributed with a mean of $780 and...
Questions
question
English, 08.04.2021 18:40
question
History, 08.04.2021 18:40
question
Social Studies, 08.04.2021 18:40
question
Mathematics, 08.04.2021 18:40
question
Mathematics, 08.04.2021 18:40
question
Mathematics, 08.04.2021 18:40
Questions on the website: 13722367