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

Why do you think using computer software to do forecasting calculations is almost necessary if you are changing the number of time periods for a moving average or the alpha value for an exponential smoothing calculation

Answers

Answer:

There are two major methods of forecasting

One is the Causal method and the 2nd one is the times series method

Causal method mainly tries to find out cause and effect relation between variable and various factors impacting that variable while the time series method infuences the utilization of the historical data and mainly focus to forecast based on the trend present. It simply ignores the other variables. It just tries to give an idea of a trend, it can't predict the impact of other variables as in causal method.

Linear regression analysis can be utilized in both sort of estimating technique. By linear regression analysis we can anticipate effect of different factor on factor variable. It anticipate the pattern, yet additionally gives an idea about connection among variable and different elements affecting it. That is the reason Linear regression is considered as best technique for forecasting.  

Presently, going to the next part of this inquiry, Time period utilized in moving normal is settled based on fluctuation showing up in how much period, to smoothen out the variation. Also, Alpha value is chosen dependent on the time span to smoothen out the variation in the information. Changing of time-frame or distinctive alpha will make estimation complex. And furthermore, it will make computation more probabilistic as opposed to deterministic which may create mistake whenever done by manual calculation. That is the reason program are important in such sort of computation

Find the measure of the arc or angle indicated. Find QR Please help!!!

Answers

86 because out of all of the answer choices there are 2 small arcs and QR is the second smallest and 86 is the second smallest number so it kinda makes sense

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

Find the perimeter of this problem

Answers

Answer:

below

Step-by-step explanation:

perimeter of a semicircle

½ * 2πr

=πr

= 3.142*27

=84.78cm

What is the slope of the line represented by the equation y = 4/5x - 3 ?? Someone help :0 !!

Answers

Answer: 4/5

Step-by-step explanation:

A car manufacturing company produces blue and black cars only. If 54% of 85658 total
production is blue cars, how many black cars are there?

Answers

Answer:

About 39,402.

Step-by-step explanation:

You need to find the 46% of black cars.

PLEASE HELP!! WILL MARK BRAINLIEST TO WHOEVER GETS IT RIGHT

Answers

I’m sorry, I don’t know perpendicular but I would love to help.
I'm pretty sure parallel since they have the same slopes

help urgent please

the graphs below have the same shape. what is the equation of the blue graph?

no links please​

Answers

Answer:

C.   G(x) = (x+3)^3

Step-by-step explanation:

Inside the parenthesis, adding or subtracting numbers moves the shape along the x-axis. BUT signs have opposite effects. Adding a number moves the shape towards the negative side. Subtracting a number moves it to the positive side.

plz find the area of the red shape :)

Answers

66.7 cm^2

The width is 20/18 times longer
The height will also be 20/18 times bigger
The area will be 20/18 x 20/18 times bigger

The area of a circle, in terms of
π
, is 36
π
m2.
Find the value of the radius.

Answers

Area is pi•r^2
pi•r^2 = 36pi
r^2 =36
r = ?

Simplify: 5x3+3x2−(−x−6x2)+4x−x2

Answers

5^3+9^2−^2+5 I think that’s the answer

Which of the following shows the numbers in the box below listed in increasing order?

(A) -2, 3/7, 1/2, 1.2
(B) -2, 1/2, 3/7, 1.2
(C) 3/7, 1/2, 1.2, -2
(D) 1/2, 3/7, 1.2, -2

Answers

9514 1404 393

Answer:

  (A) -2, 3/7, 1/2, 1.2

Step-by-step explanation:

The numbers are in increasing order when they are listed left-to-right as they appear on the number line.

The only numbers that may give you trouble are 3/7 = 6/14 and 1/2 = 7/14.

The negative number is less than any positive number. 1.2 is greater than any fraction that is less than 1.

The correct ordering is found in choice A.

Based on the areas of the squares, determine whether the triangle shown is a right triangle.

Answers

It is not a right triangle

Explanation:
Pythagorean Theorem ONLY for right triangles: a^2+b^2=c^2
If a^2=58 and b^2=10
Then 58+10 does not equal 64

The given triangle is not a right-angle triangle as the sides don't form a Pythagorean triplet.

What is the Pythagoras theorem?

Pythagorean theorem, the well-known geometric theorem that the sum of the squares on the le right triangle is equal to the square on the hypotenuse (the Pythagoras the right angle)—or, in familiar algebraic notation, a² + b² = c².

Given her:  Three squares whose sides form one Pythagoreans of a triangle .

Now a²=58

b²=10

b=√10

c²=64

c=8

Clearly √10<√58<8

Thus c must be the hypotenuse of the triangle.

Using Pythagoras' theorem we get

√10²+√58²=68≠64

Hence, The given triangle is not a right angle triangle as the sides don't form a Pythagorean triplet.

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https://brainly.com/question/343682

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is equivalent to 16 Superscript three-fourths?

Answers

I can help you in the comments section. Can you rephrase this question?

Answer:B

Step-by-step explanation:

What is the answer?
Please help

Answers

Answer:

100*

Step-by-step explanation:

Answer:

100

Step-by-step explanation:

The exterior angle is the sum of the opposite interior angles

x = 60+40

x = 100

Which of these expressions is equal to 2(43 - p)?
A.
(2 - 43) × (2 - p)
B.
(2 - 43) - (2 - p)
C.
(2 × 43) - (2 × p)
D.
(2 × 43) × (2 × p)

Answers

Answer:

C. (2×43) - (2×p)

Step-by-step explanation:

The question is 2(43-p)

Which means 2 is multiplying the bracket.

So the answer to the question is 2×43 - 2×p

Which will give us 86 - 2p

So you then solve all the possible answers to see if it the same answer as the one we got

Need help before 7:00

Answers

Answer:

Area of circle = 465.82 cm²

Step-by-step explanation:

Given the following data;

Circumference of the hub cap = 76.49 cm

Pie, π = 3.14

To find the area of the hub cap;

First of all, we would determine the radius of the hub cap.

Mathematically, circumfeence of a circle is equal to;

C = 2πr

Where:

C is the circumference of a circle.

r is the radius of a circle.

C = 2πr

76.49 = 2 * 3.14 * r

76.49 = 6.28r

Radius, r = 76.49/6.28

Radius, r = 12.18 cm

Next, we find the area of the hub cap;

Area of circle = πr²

Area of circle = 3.14 * 12.18²

Area of circle = 3.14 * 148.35

Area of circle = 465.82 cm²

However, if the circumference of the hub cap were smaller, the area of the hub cap would also be smaller. Thus, the circumference of a hub cap is directly proportional to the area of a hub cap.

what is the solution of the equation 3x=12 round your answer to the nearest ten thousandth

Answers

Answer:

2.2916

Step-by-step explanation:

Imagine bannanas flying into your room? I mean I couldn't imagine that either but im just saying

Lower Quartile value (Q1) is:
41
42
46
48
54
56
57​

Answers

The lower Quartile value should be from 42 to 48 i believe. I hope this help

Answer:

Q1 =46

Step-by-step explanation:

Q1=(N+1)/4  (N means no of data)

=8+1/4

=9/4

=2.25

=2 nd term + (3 rd term - 2 nd term)

=44 +(46 - 44)

=44 + 2

=46

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

Answers

I hope this is help full to you

Rosa and Micah are playing a game . Which table is the closest to showing Rosa winning approximately plays ? 3/5 of the times she

Answers

Answer:

A is the closest

In 2011, there were 150 participants in a quiz competition. In 2012, there were 185 participants in this quiz competition.
Select the true statement about participants in the quiz competition from 2011 to 2012. Percentages are rounded to the nearest tenths place.
a.) The absolute change is 35 students and the relative change indicates an increase of 18.92%.
b.) The absolute change is -35 students and the relative change indicates a decrease of 23.3%.
c.) The absolute change is 35 students and the relative change indicates an increase of 23.3%.
d.) The absolute change is -35 students and the relative change indicates a decrease of 35%.

Answers

Answer:

c.) The absolute change is 35 students and the relative change indicates an increase of 23.3%

Step-by-step explanation:

the participants increasing = 185-150=35

the percentage = 35/150 × 100% = 23.3%

Option (C) The absolute change is 35 students and the relative change indicates an increase of 23.3% is correct.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

We have:

In 2011, there were 150 participants in a quiz competition. In 2012, there were 185 participants in this quiz competition.

c) The absolute change is 35 students and the relative change indicates an increase of 23.3%

The change in participent = 185 - 150 = 35

Percentage change = (35/150)×100 = 23.3%

Thus, option (C) The absolute change is 35 students and the relative change indicates an increase of 23.3% is correct.

Learn more about the percentage here:

brainly.com/question/8011401

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NO LINKS OR ELSE YOU'LL BE REPORTED! Only answer if you're very good at Math.

Which expression is equivalent to (1/√y)^-1/5?

A: 5√y^2

B: 1/√y^5

C: 10√y

D: 1/10√y​

Answers

Answer:

[tex]=\sqrt[10]{y}[/tex]

So option c is the correct answer

Step-by-step explanation:

[tex]\left(\frac{1}{\sqrt{y}}\right)^{\frac{-1}{5}}\\\mathrm{Apply\:exponent\:rule}:\quad \left(\frac{a}{b}\right)^c=\frac{a^c}{b^c}\\\left(\frac{1}{\sqrt{y}}\right)^{\frac{-1}{5}}=\frac{1^{\frac{-1}{5}}}{\left(\sqrt{y}\right)^{\frac{-1}{5}}}\\=\frac{1^{\frac{-1}{5}}}{\left(\sqrt{y}\right)^{\frac{-1}{5}}}\\\mathrm{Apply\:rule}\:1^a=1\\1^{\frac{-1}{5}}=1\\=\frac{1}{\left(\sqrt{y}\right)^{\frac{-1}{5}}}\\\mathrm{Apply\:the\:fraction\:rule}:\quad \frac{-a}{b}=-\frac{a}{b}[/tex]

[tex]=\frac{1}{\left(\sqrt{y}\right)^{-\frac{1}{5}}}\\\left(\sqrt{y}\right)^{-\frac{1}{5}}=\frac{1}{\sqrt[10]{y}}\\=\frac{1}{\frac{1}{\sqrt[10]{y}}}\\\mathrm{Apply\:the\:fraction\:rule}:\quad \frac{1}{\frac{b}{c}}=\frac{c}{b}\\=\frac{\sqrt[10]{y}}{1}\\\mathrm{Apply\:rule}\:\frac{a}{1}=a\\=\sqrt[10]{y}[/tex]

What is the remainder of 26 divided by 53.3
WILL GIVE BRAINLIEST

Answers

Answer:

0.48780487804

tell me a some basic terms related bijective.
1:A function of F:R --->is defined by f(x)=x²-1,is f one to one an onto.​
2:
A function F:[-2,2]-->R is defined by f(x)=x² is
F one to one and onto.
3:
A function F:[1,4]-->R is defined by f(x)=x³ is
F one to one and onto​

Answers

Answer:

1. f(x) = x² - 1 is an even function.

It has two-to-one relationship since f(-x) = f(x)

The answer is no

2. f(x) = x², same as above, the answer is no

3. The function f(x) = x³ is an odd function and its inverse is:

f(x) = ∛x, which is also an odd function

Both have one-to-one and onto relationship

The answer is yes

Hello if you're able to answer this question help me and provide work as well, Thank you.

Answers

Answer:

answer is no. a -1/8 for sure

I can’t figure it out!! Please help me!

Answers

Answer:

height = 8 cm

Step-by-step explanation:

formula to find area of a parallelogram =

base x height

so

10 x height = 80 cm square.

height = 80/10

=8 cm

A dictionary has 88,728 words. Out of that Mohan read 35,427 words. How many words are left for him to read?

Answers

Mohan has 53,301 words left

[tex]\sf \bf {\boxed {\mathbb {Given:}}}[/tex]

Total number of words in the dictionary = 88,728 words

No. of words that Mohan read = 35,427 words

[tex]\sf \bf {\boxed {\mathbb {To\:find:}}}[/tex]

No. of words left for Mohan to read.

[tex]\sf \bf {\boxed {\mathbb {Solution:}}}[/tex]

[tex]\sf\purple{53,301 \:words. }[/tex]

[tex]\sf \bf {\boxed {\mathbb {Step-by-step\:explanation:}}}[/tex]

No. of words left for Mohan to read = Total no. of words in the dictionary - No. of words that Mohan read

= ( 88, 728 - 35, 427 ) words

= 53,301 words

[tex]\large\mathfrak{{\pmb{\underline{\red{Mystique35 }}{\red{❦}}}}}[/tex]

example of expressions to represent length and width

Answers

Answer:

lxwxh

Step-by-step explanation:

Length x width x height

Under the translation (X +3, y - 1) the point (3,4) will become (0.5)

True or False

Answers

9514 1404 393

Answer:

  False

Step-by-step explanation:

Point (3, 4) will become (3+3, 4-1) = (6, 3), not (0, 5). The statement is False.

_____

Additional comment

The point (0, 5) would be translated to (3, 4). That is not what the question is asking.

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