Distributed with a standard deviation

Assignment Help Basic Statistics
Reference no: EM132006758

The average annual rate for the United States was $1317. Suppose annual rates of auto insurance in the United States are normally distributed with a standard deviation of $324. Based on these data, what is the probability that a randomly selected auto insurance rate in the United states would be greater than $1750?

Reference no: EM132006758

Questions Cloud

Should the firm accept the replacement project : Drexler Company is contemplating the replacement of one of its machines with a newer and more efficient one. Should the firm accept the replacement project?
Difference between value-added and non-value-added cost : What is the difference between a value-added and a non-value-added cost?
Determine the probability distribution : Determine the probability distribution, expected value, and standard deviation of a player's win.
What are contributing factor to your country mortality rates : State the infant and child mortality rates in the USA. Compare these rates to Iceland's infant mortality rate of approximately 2 deaths per 1,000 births.
Distributed with a standard deviation : Suppose annual rates of auto insurance in the United States are normally distributed with a standard deviation of $324. Based on these data
Summarize the microorganism addressed and major points : Evidence-Based Science Library Research Assignment - Summarize the microorganism addressed and major points, Classification of the microorganism
What is the present value of the returns : The cost of capital for the project is estimated to be 15%. What is the present value of the returns?
Returns expected each year beginning one year from now : The project cost is $12,000, with payment expected right now and returns expected each year beginning one year from now. What is the NPV of the project?
How many possible outcomes are there to this lottery : Each night a drawing will select one from each of the categories. How many possible outcomes are there to this lottery.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Discrete probability distributions

The so-called "Gambler's Fallacy" makes the mistake of not recognizing:

  What is meant by baseline in a single case design

For the preceding situation, discuss the advantages and disadvantages of using a quasi-experimental design in contrast to conducting a true experiment.

  What can researchers do to minimize error variance

What can researchers do to minimize error variance?- Discuss the trade-off between internal and external validity. Which is more important? Explain.

  Using the wilcoxon signed ranks test to evaluate the data

a study is conducted to determine whether sunshine affects depression. eight individuals are given a questionnaire

  Find ci for each customer class separately

Find a 95% confidence interval for the mean amount of interest it could gain if each of its customers paid exactly one day more promptly.

  Determining population when confidence given

At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.

  What is the forecast for the rental and leasing revenue

What is the regression formula - how reliable do you think the estimates will be based on this formula? Explain your answer by citing the relevant metrics.

  Average number of hours worked per week

The average number of hours worked per week for married men in the early 1990s had a mean of 42.6 and a standard deviation of 12.9.

  Dissimilarity between the population means

Conduct a hypothesis test using the .04 level of significance to determine if there is a difference between the population means.

  The correlation between two variables is -063 for a sample

1. the diameter of a spindle in a small motor is supposed to be 5 mm. if the spindle is either too small or too large

  Find smallest-diameter rod used for member

Maximum change in length of BD must not exceed 0.001 times the length of ABC, determine the smallest-diameter rod that can he used for member BD.

  Create spreadsheet model for performing computer simulation

Formulate a spreadsheet model for performing a computer simulation of the daily sales. Perform 250 replications and obtain the average of the sales over the replications.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd