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erik [133]
3 years ago
8

7.

Mathematics
1 answer:
Ludmilka [50]3 years ago
7 0

Answer:

ha plz follow me then I will say the answer

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CNNBC recently reported that the mean annual cost of auto insurance is 965 dollars. Assume the standard deviation is 113 dollars
velikii [3]

Answer:

P(939.6 < X < 972.5) = 0.6469

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

CNNBC recently reported that the mean annual cost of auto insurance is 965 dollars. Assume the standard deviation is 113 dollars.

This means that \mu = 965, \sigma = 113

Sample of 57:

This means that n = 57, s = \frac{113}{\sqrt{57}} = 14.97

Find the probability that a single randomly selected policy has a mean value between 939.6 and 972.5 dollars.

This is the pvalue of Z when X = 972.5 subtracted by the pvalue of Z when X = 939.6. So

X = 972.5

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{972.5 - 965}{14.97}

Z = 0.5

Z = 0.5 has a pvalue of 0.6915

X = 939.6

Z = \frac{X - \mu}{s}

Z = \frac{939.6 - 965}{14.97}

Z = -1.7

Z = -1.7 has a pvalue of 0.0446

0.6915 - 0.0446 = 0.6469

So

P(939.6 < X < 972.5) = 0.6469

3 0
2 years ago
On a piece of paper, graph f(x)=16x0.5^x. Then determine which answer choice matches the graph you drew.
Reil [10]

9514 1404 393

Answer:

  A

Step-by-step explanation:

You can use x=0 and x=1 to find points that must be on the graph.

  f(0) = 16·0.5^0 = 16

  f(1) = 16·0.5^1 = 8

Only graph A matches these points.

7 0
3 years ago
The product of a 7 and a number.
Virty [35]

it would look like this: x times 7 -> 7x

8 0
3 years ago
Consider three events A, B and C with following properties.
lisov135 [29]
By the inclusion/exclusion principle,

\mathbb P(D)=\mathbb P(A\cup B\cup C)
\mathbb P(D)=\mathbb P(A)+\mathbb P(B)+\mathbb P(C)-\bigg(\mathbb P(A\cap B)+\mathbb P(A\cap C)+\mathbb P(B\cap C)\bigg)+\mathbb P(A\cap B\cap C)
\mathbb P(D)=\dfrac14+\dfrac16+\dfrac14-\dfrac39+\dfrac1{13}
\mathbb P(D)=\dfrac{16}{39}\neq1

So the union of A, B, and C does not constitute the entire sample space.
5 0
3 years ago
How do you solve this URGENT (50pts)
Aliun [14]

Explanation:

x + 3y = 2

<u>Converting it to slope intercept form</u>:

y = mx + b  [where m is slope, b is y-intercept]

<u>Make y the subject</u>:

\sf \rightarrow  3y = 2 - x

\sf \rightarrow 3y = -x + 2

\sf \rightarrow y = -\dfrac{x}{3} + \dfrac{2}{3}

\sf \rightarrow y = -\dfrac{1}{3} x+ \dfrac{2}{3}

<u>which reveals slope</u>:

\star \   slope: \sf  - \dfrac{1}{3}

7 0
1 year ago
Read 2 more answers
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