STATISTICAL TECHNIQUES AND TOOLS
SAMPLING DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An automobile insurer has found that repair claims have a mean of $920 and a standard deviation of $870. Suppose that the next 100 claims can be regarded as a random sample from the long-run claims process.The probability that the mean of the next 100 claims is larger than $1000 is approximately
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0.9200
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0.8212
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0.1789
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0.1788
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Explanation:
There is 1 question to complete.