According to the insurance institute of america a family of, Ask an Expert

Statistics

According to the Insurance Institute of America, a family of four spends between $400 and $3,800.00 per year on all types of insurance. Suppose the money spent is uniformly distributed.

a- What is the standard deviation of the amount spent

b- If a family is selected at random, what is the probability the spend less than $2,000.00 per year on insurance per year.

c-What is the probability a family spend more than $3,000.00 on insurance per year.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9998910

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