Find probability that randomly selected household has head

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Reference no: EM13155650

The American Council of Life Insurance and the Life Insurance marketing and Research Association have reported that insured households with heads of households who are 35 to 44 years old had an average of $95 900 of life insurance coverage. Assuming a normal distribution and a standard deviation of $25 000, what is the probability that a randomly selected household with a head of household in this age group had less than $70 000 in life insurance coverage?"

Reference no: EM13155650

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