The mean annual cost of automobile insurance is 939 cnbc, Ask an Expert

Statistics

The mean annual cost of automobile insurance is $939 (CNBC, 2/23/2006), with a standard deviation of $245.

What is the probability that the annual cost of auto insurance for a single individual will be more than $1000?

What is the probability that the average annual cost of auto insurance for 40 individuals will be more than $1000?

What is the Central Limit Theorem and why is it important?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91007955

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