CNNBC recently reported that the mean annual cost of auto insurance is 1049 dollars. Assume the standard deviation is 275 dollars. You take a simple random sample of 72 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
=
72
is randomly selected with a mean less than 962 dollars.
P(M < 962) =


Enter your answers as numbers accurate to 4 decimal places.

Answers

Answer 1

Answer:

0.3745 = 37.45% probability that a single randomly selected value is less than 962 dollars.

0.0037 = 0.37% probability that a sample of size 72 is randomly selected with a mean less than 962 dollars.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

CNNBC recently reported that the mean annual cost of auto insurance is 1049 dollars. Assume the standard deviation is 275 dollars.

This means that [tex]\mu = 1049, \sigma = 275[/tex]

Find the probability that a single randomly selected value is less than 962 dollars.

This is the p-value of Z when X = 962. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{962 - 1049}{275}[/tex]

[tex]Z = -0.32[/tex]

[tex]Z = -0.32[/tex] has a p-value of 0.3745

0.3745 = 37.45% probability that a single randomly selected value is less than 962 dollars.

Sample of 72

This means that [tex]n = 72, s = \frac{275}{\sqrt{72}}[/tex]

Probability that the sample mean is les than 962.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{962 - 1049}{\frac{275}{\sqrt{72}}}[/tex]

[tex]Z = -2.68[/tex]

[tex]Z = -2.68[/tex] has a p-value of 0.0037

0.0037 = 0.37% probability that a sample of size 72 is randomly selected with a mean less than 962 dollars.


Related Questions

Help please asp. !!!

Answers

Answer:

16.8 [tex]m^{3}[/tex]

Step-by-step explanation:

Find your answer by using the formula of a cone (v= [tex]\frac{1}{3}[/tex]π[tex]r^{2}[/tex]h)

r= 2 (half of your diameter, which is 4)

h= 4

By inserting your radius and height, you get v= [tex]\frac{1}{3}[/tex]π([tex]2^{2}[/tex])4.

Put that into a calculator and you get 16.75516, which rounds to 16.8.

7000 litres of water is pumped out if a tank in 42 minutes.how many litres could be pumped out in one hour

Answers

Answer:

10000 litres

Step-by-step explanation:

using proportion

if 7000 litres equals 42 minutes

then, x litres equals 60 minutes

x = (60×7000)÷ 42

x = 10000 litres

A cable network offers members a Basic plan for ​$7.26 per month. For ​$3.00 more per​ month, the cable network offers a Standard​ plan, which includes HD movies. During one​ week, 310 new subscribers paid a total of ​$2580.60 for their plans. How many Basic plans and how many Standard plans were​ purchased?
___Basic plans and ___ Standard plans were purchased

Answers

Answer:

110 basic plans and 200 standard plans were purchased.

Step-by-step explanation:

This question is solved using a system of equations.

I am going to say that:

x is the number of basic plans.

y is the number of standard plans.

310 new subscribers

This means that [tex]x + y = 310[/tex], and so, [tex]y = 310 - x[/tex]

A cable network offers members a Basic plan for ​$7.26 per month. For ​$3.00 more per​ month. Total paid of $2580.60.

This means that:

[tex]7.26x + 10.26y = 2580.6[/tex]

Since [tex]y = 310 - x[/tex]

[tex]7.26x + 10.26(310 - x) = 2580.6[/tex]

[tex]7.26x + 3180.6 - 10.26x = 2850.6[/tex]

[tex]3x = 330[/tex]

[tex]x = \frac{330}{3}[/tex]

[tex]x = 110[/tex]

Then

[tex]y = 310 - x = 310 - 110 = 200[/tex]

110 basic plans and 200 standard plans were purchased.

The sum of two numbers is 45 and their difference is 7. Find the numbers. *

Answers

the sum of two numbers that is 45 and their difference is 7 it is 39 and 6 more like 39+6

Innocent until proven guilty? In Japanese criminal trials, about 95% of the defendants are found guilty. In the United States, about 60% of the defendants are found guilty in criminal trials. Suppose you are a news reporter following four criminal trials.
a) If the trials were in Japan, what is the probability that all the defendants would be found guilty? What is the probability if the trials were in the United States?
b) Of the four trials, what is the expected number of guilty verdicts in Japan? What is the expected number in the United States? What is the standard deviation in Japan? What is the standard deviation in the United States?
c) As a U.S. news reporter, what is the smallest number of trials n you would need to cover to be at least 99% sure of two or more convictions? What is the smallest number of trials n you would need if you covered trials in Japan?

Answers

Step-by-step explanation:

Let X be the number of guilty defendants in Japan

Let y be the number in the US

we have n = 4

p = 0.95

a.) prob of trials in Japan

p(x=4)

= 0.95⁴

= 0.8145

prob of trials in US

p(X=4)

= 0.60⁴

= 0.1296

B. expected number in Japan

E(X) = n*p

= 4*0.95

= 3.8

we find the variance

= n*p(1-p)

= 4*0.95(1-0.95)

= 0.19

standard deviation for japan

= √0.19

= 0.4359

expected number for US

E(X) = n*p

= 4*0.60

= 2.4

we find the variance

= n*p(1-p)

= 4*0.60(1-0.6)

= 0.96

standard deviation for US

= √0.96

= 0.979

c. 2*4 = 8

Roman numeral for 67​

Answers

Answer:

LXVII

Step-by-step explanation:

The roman numeral for 67 is LXVII

LX represents 60 and VII represents 7

Answer :

LXVII

LX=60 and VII=7

what are the domain and range of this function?

Answers

Answer:

domain: all real numbers

range: {y | y ≥ 0}

Write an equation for the lowest-degree polynomial function, with the graph and intercepts shown in the figure. For this exercise, make the leading coefficient be 1 or -1

Answers

Answer:

f(x)  = (x+1)² - 9

Step-by-step explanation:

We can start by seeing if this is a quadratic function, as that is the lowest degree polynomial possible.

The vertex form for a quadratic function is a(x-h)² + k, with the vertex being (h, k).

In this example, the leading coefficient (a) must be 1 or -1. If a is positive, the graph opens upward, and vice versa. Since the graph opens upward, a must be 1.

Our vertex in this picture is (-1, -9). We can plug those values in, along with a=1, to get

1(x-(-1))² - 9 = (x+1)² - 9

Therefore, our equation is f(x)  = (x+1)² - 9

The polynomial is given by:

[tex]p(x) = x^2 + 2x - 8[/tex]

------------------------

Zeros of a function:

Given a polynomial f(x), this polynomial has roots [tex]x_{1}, x_{2}, x_{n}[/tex] such that it can be written as: [tex]a(x - x_{1})*(x - x_{2})*...*(x-x_n)[/tex], in which a is the leading coefficient.

------------------------

The polynomial has two x-intercepts, thus, the lowest-degree is 2.Concave up, thus, the leading coefficient is [tex]a = 1[/tex].The x-intercepts are [tex]x_1 = -4, x_2 = 2[/tex], and thus:

[tex]p(x) = (x - (-4))(x - 2) = (x + 4)(x - 2) = x^2 + 4x - 2x - 8 = x^2 + 2x - 8[/tex]

A similar problem is given at https://brainly.com/question/22817243

What is the volume, in cubic centimeters, of a rectangular prism with a height of 17 centimeters, a width of 17 centimeters, and a length of 11 centimeters?

Answers

Answer:

3179cm^3

Step-by-step explanation:

[tex]volum = height × width × length \\ = 17cm \times 17cm \times 11cm \\ = {3179cm}^{3} [/tex]

please can anybody help me?​

Answers

Answer:

A) BEM is an acute angle. B) MBX is an obtuse angle. C) XBE is a straight angle. D) XBE is an angle of vertex B. E) MBY is an angle of side [My). F) Another name for angle BER is REB. G. XBY and MBE are adjacent. EBY and XBM are supplementary angles.

Now that we know that 2π is about 6.28, π2 is about 9.86, and 58−−√ is between 7 and 8, which choice represents the correct order of these expressions from least to greatest: 58−−√, 2π, π2, 8?

Answers

Answer:

use miss r sir hope I helped you

To wrap a gift, you can choose from 6 kinds of wrapping paper, 3 gift bags, 4 colors of ribbon, 2 bows, and 5 stickers. You choose either a style of wrapping paper or a gift bag. Then you choose one of each of the remaining items. Find the total number of ways you can wrap the gift.

Answers

Answer:

the answer would be 480 different ways because you would multiply all the numbers.

please help! (listing BRAINLIST and giving points) ​ :)​

Answers

Answer:

sin∅ = 12/13

Step-by-step explanation:

use pythagorean theorem to find the missing side

a² + 5² = 13²

a² = 13² - 5²

a² = 169 - 25

a² = 144

a = 12

-----------------------------

Sin∅ = opp/hyp

sin∅ = 12/13

How do you find the square root of 11? I need to show work

Answers

Answer:3.31662479036.

Step-by-step explanation:To find the square root of 11, use the long division method to get the approximate value. Therefore, √11 = 3.31662479036. Register at BYJU'S to learn other interesting mathematical concepts.

The price of admission to a World War I history museum is $8.29 for adults and $6.47 for children. A family of 2 adults and 4 children visits the museum. What is the total cost, in dollars, of admission?

Answers

Answer:

cost for adults=$8.29

cost for children=$6.47

cost for 2 adults and 4 children are =$(2×8.29)+(4×6.47)=$16.58+25.88=$42.46

The area of a square rug is 64 ft.² what is the perimeter of the rug?

Answers

Answer:

[tex]32[/tex][tex] {ft}^{2} [/tex]

Step-by-step explanation:

The area of a square rug = 64 ft²

First we will find the side of square rug = [tex] {64}^{2} = {s}^{2} [/tex]

[tex] {s}^{2} = 8 [/tex]

Perimeter of the rug = [tex]4 \times 8 [/tex][tex] = 32[/tex]ft²

Hope it is helpful...

100 POINTS!!!!!!!!!!!!!!!!!

Answers

Answer:

A = 0.25*j + 1

Step-by-step explanation:

The question presented here is an application of linear models. The $1 amount is fixed and does not depend on any factor such as the cups of orange juice sold.

Furthermore, we are informed that we earn $0.25 for every cup of orange juice sold. This means that we shall earn 0.25 j by selling  j cups of orange juice.

The variable total amount, A will thus depend on the fixed amount of $1 and the variable income 0.25 j.

The equation in two variables that will represent the total amount A (in dollars) you have after selling j cups of orange juice will thus be;

A = 0.25*j + 1

Hope this helped.....

Answer:

5 points huh thats mean

Step-by-step explanation:

Which is the better value for money 250g of coffee R12,35 or 450g of the same coffee at R21,95

Answers

Answer:

450g coffee or 21.95$ coffee

Step-by-step explanation:

again, divide whichever pair you want to and you still have the same answer whether it is less or more: 450/250 is math would be 9/5 and 21.95/12.35 is 1.77732793522. so if we find the true value of 9/5, which is 1.8, and since it is more that the original price that means the more coffe you get, the cheaper it gets (basically all of life is like this), so the 450 g coffee is worth alot less than and is bigger than the 250 g coffee

Shana has three pets, a dog, a cat and a bird. One of them is named Sammy. Noodles is younger than both the bird and the dog. Fluffy is green. Which pet has the name Sammy?

Answers

Answer:

The dog has the name Sammy.

Step-by-step explanation:

A cat and dog cannot be green, therefore the bird is Fluffly.

Noodles must be the cat since it's younger than the bird and the dog.

The only one that doesn't have an explanation is the dog, therefore the dog must be named Sammy.

SAT Scores The national average SAT score (for verbal and math) is 1028. Assume a normal distribution with o=92.
0
Round intermediate : -value calculations to two decimal places.

What is the 95th percentile score? Round the answer to the nearest whole number,

The 95th percentile score is ?

Answers

Answer:

Similar to your other question. Now, you're looking for the score such that this time, 0.99 corresponds to a z-score of approximately, which means

In the equation 2x+4=y, what is the value of y when x=5?

Answers

9514 1404 393

Answer:

  y = 14

Step-by-step explanation:

Put the value of x where x is and do the arithmetic.

  2x + 4 = y

  2·5 + 4 = y . . . . . . substitute for x

  10 + 4 = y . . . . . . . multiply

  14 = y . . . . . . . . . . add

The value of y is 14 when x = 5.

Anyone know??? PLEASE HELP ME

Answers

Answer:

C

Step-by-step explanation:

Try it.

Answer:Its B or C

Step-by-step explanation:I expain it so A is wrong ebcause 3 times 20 is 60 and since x is 14 that measn 14 times 3 is 42 so 60 minus 42 is not 44 but 18.C is wrong becasue 2 times 14 is 28 and 2 times 3 is 6 so if u subract you get 22 and D is worng because 14 minus 3 isnt 22.

Which of the following expressions is equivalent to 45 - 165n?
Select all that apply.
A. 3(15 - 165n)
B. 5(9 -33n)
C. 15(5 - 33n)
D. 9(5 - 33n)
E. 15(3 - 11n)

Answers

Answer:

E

Step-by-step explanation:

45-165n

15(3-11n)

basically

45/15=3. 165/15=11


Given a mean of 75 and a standard deviation of 7, how many students out of 500
would score higher than 89?

Answers

Answer:

230

Step-by-step explanation:

isiwjsjxjxjsiqisjnx

Help find area of this

Answers

Answer:

120 sq feet

Step-by-step explanation:

1. 8 x 10 = 80

2. 8 x 5 = 40

3. 80 + 40 = 120 ft2 (sq feet)

There are 4 good apples and 3 bad apples. You pick 2 apples at random. What is the probability that you pick 1 good apple and 1 bad apple?

Answers

Answer:

[tex]P(Good\ and\ Bad) = 12/49[/tex]

Step-by-step explanation:

Give

[tex]Good = 4[/tex]

[tex]Bad = 3[/tex]

Required

[tex]P(Good\ and\ Bad)[/tex]

This is calculated as:

[tex]P(Good\ and\ Bad) = P(Good) * P(Bad)[/tex]

So, we have:

[tex]P(Good\ and\ Bad) = n(Good)/Total * n(Bad)/Total[/tex]

[tex]P(Good\ and\ Bad) = 4/7 * 3/7[/tex]

[tex]P(Good\ and\ Bad) = 12/49[/tex]

Determine whether the series is convergent or divergent by expressing sn as a telescoping sum.
[infinity]
Σ 8/n^2-1
n=3

Answers

Answer:

The sum converges at: [tex]\frac{10}{3}[/tex]

Step-by-step explanation:

Given

[tex]\sum\limits^{\infty}_{n =2} \frac{8}{n^2 - 1}[/tex]

Express the denominator as difference of two squares

[tex]\sum\limits^{\infty}_{n =2} \frac{8}{(n - 1)(n+1)}[/tex]

Express 8 as 4 * 2

[tex]\sum\limits^{\infty}_{n =2} \frac{4 * 2}{(n - 1)(n+1)}[/tex]

Rewrite as:

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{2}{(n - 1)(n+1)}[/tex]

Express 2 as 1 + 1 + 0

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{1+1+0}{(n - 1)(n+1)}[/tex]

Express 0 as n - n

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{1+1+n - n}{(n - 1)(n+1)}[/tex]

Rewrite as:

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{(n + 1)-(n - 1)}{(n - 1)(n+1)}[/tex]

Split

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{(n + 1)}{(n - 1)(n+1)}-\frac{(n - 1)}{(n - 1)(n+1)}[/tex]

Cancel out like terms

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{1}{(n - 1)}-\frac{1}{(n+1)}[/tex]

In the above statement, we have:

[tex]a_3 + a_5 = 4[(\frac{1}{2} - \frac{1}{4}) + (\frac{1}{4} - \frac{1}{6})][/tex]

[tex]a_3 + a_5 = 4[(\frac{1}{2} - \frac{1}{6})][/tex]

Add [tex]a_7[/tex]

[tex]a_3 + a_5 + a_7= 4[(\frac{1}{2} - \frac{1}{6}) + (\frac{1}{7 - 1} - \frac{1}{7+1})][/tex]

[tex]a_3 + a_5 + a_7= 4[(\frac{1}{2} - \frac{1}{6}) + (\frac{1}{6} - \frac{1}{8})][/tex]

[tex]a_3 + a_5 + a_7= 4[(\frac{1}{2} - \frac{1}{8})][/tex]

Notice that the pattern follows:

[tex]a_3 + a_5 + a_7 + ...... + a_{k}= 4[(\frac{1}{2} - \frac{1}{k+1})][/tex]

The above represent the odd sums (say S1)

For the even sums, we have:

[tex]4 * \sum\limits^{\infty}_{n =2} \frac{1}{(n - 1)}-\frac{1}{(n+1)}[/tex]

In the above statement, we have:

[tex]a_4 + a_6 = 4[(\frac{1}{3} - \frac{1}{5}) + (\frac{1}{5} - \frac{1}{7})][/tex]

[tex]a_4 + a_6 = 4[(\frac{1}{3} - \frac{1}{7})][/tex]

Add [tex]a_8[/tex] to both sides

[tex]a_4 + a_6 +a_8 = 4[(\frac{1}{3} - \frac{1}{7}) + \frac{1}{7} - \frac{1}{9}][/tex]

[tex]a_4 + a_6 +a_8 = 4[\frac{1}{3} - \frac{1}{9}][/tex]

Notice that the pattern follows:

[tex]a_4 + a_6 + a_8 + ...... + a_{k}= 4[(\frac{1}{3} - \frac{1}{k+1})][/tex]

The above represent the even sums (say S2)

The total sum (S) is:

[tex]S = S_1 + S_2[/tex]

[tex]S =4[(\frac{1}{2} - \frac{1}{k+1})] + 4[(\frac{1}{3} - \frac{1}{k+1})][/tex]

Remove all k terms

[tex]S =4[(\frac{1}{2}] + 4[(\frac{1}{3}][/tex]

Open bracket

[tex]S =\frac{4}{2} + \frac{4}{3}[/tex]

[tex]S =\frac{12 + 8}{6}[/tex]

[tex]S =\frac{20}{6}[/tex]

[tex]S =\frac{10}{3}[/tex]

The sum converges at: [tex]\frac{10}{3}[/tex]

HELPPPP I need help with this question!!!!

Answers

I think the 4th one but Im not too sure please forgive me if I'm wrong.

Choose 3 values that would make this inequality true. n - 3 ≤ 10
14
15
5
10
22
13
30

Answers

Answer:

5 13 and 10

blue cheese

5 13 and 10 hope I help

I am a fraction and I am equivalent to 4/9. If my numerator is 28. Who am I?

Answers

The answer should be 27/63

Answer:

I am 28/63

Step-by-step explanation:

4 * 7 = 28

9 * 7 = 63

Therefore, 4/9 is equivalent to 28/63.

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