An auto insurance company pays rebates averaging $86.18 annually with a standard deviation of $6.12 to drivers without an accide
nt for the year. If 2560 drivers received a rebate, what is the expected value and standard deviation for the total rebates given?
A) X(expected value)= $204,953.60; SD= $125.17
B)X=204,953.60; SD=$309.65
C)X=$220,620.80; SD=$125.17
D)X=$220,620.80; SD=$309.65
1 answer:
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