Answer to Question #20369 in Statistics and Probability for joe

Question

insurance company did study of car damages. mean of the normal distribution is $4500. standard deviation of the normal distribution is $1500. 100 samples are taken

1) describe the sampling distribution of the mean claim amount for the random sample of 100 claims. include sample statistics of interest
2) find probability that the mean claim amount for the sample of 100 claims is between $4200 and $4600
3) probability it is less than $4000
4)probability it is less than $7000
5) probability it is between $7000 and $7500

please give me a quote as I need this by Monday 12-10

joe bianchini

Answer 1

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