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

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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