Reference no: EM131466147

STATISTICS

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. 250 words or more for answer.

https://www.cbsnews.com/news/auto-insurance-costs-where-does-your-state-rank/ e-Activity for a,b

a) From the e-Activity, the table shows Average Insurance Costs by State. Select two (2) states that are of interest to you. Next, speculate on three (3) possible reasons why the states you have chosen would have a difference in average insurance costs.

b) From the e-Activity, select ten (10) states and calculate the mean and standard deviation for average insurance costs. Next, calculate the mean and standard deviation for average insurance costs for all 51 states. Compare and contrast the means and standard deviations for the ten (10) states you selected and all fifty one (51) states.

c) From the e-Activity, determine the probability of winning your state's lottery game. Provide a rationale to support your determination. 

e-Activity for c Use the Internet to research the basic lottery system in your state. For example, the state of Ohio has a Pick 5 game where a customer selects 5 single-digit numbers (0-9). Each number can be selected again meaning 9-9-9-9-9 is a possible winner. Be prepared to discuss.

d) Provide one (1) real-life example or application of a binomial distribution. Explain how the example matches the conditions for the binomial distribution.

e) Determine the conditions under which you would use a discrete probability distribution rather than a continuous probability distribution. Provide one (1) example to illustrate your reasoning.