Posted by **Kim** on Friday, October 31, 2008 at 12:26pm.

An automobile in surer has found that repair claims have a mean of $1520 and a stardard deviation of $770. Suppose that the next 100 claims can be ragarded as a random sample from the long-run claims process

1. What is the mean and standrd deviation of the average x(bar) of the next 100 claims?

2. What is the probability that the average x (bar) of the 100 claims in less than $1500?

(Please explain the steps taken so I can understand)

## Answer this Question

## Related Questions

- Statistics - A large television repair service claims that its average repair ...
- Statistics - A paper manufacturer claims that fewer than 1 in 100 of its reels (...
- Statistics - A computer repair service found that a random sample of 45 repair ...
- statistics - A Packaging Company sells soda and claims each can contains 12 oz. ...
- statistics - A specific study found that the average number of doctor visits per...
- statistics - A specific study found that the average number of doctor visits per...
- Statistics - Suppose that an automobile parts wholesaler claims that .5 percent ...
- statistics - Assume that about 45% of all U.S. adults try to pad their insurance...
- statistics - a manufacturer of detergent claims that the contents of the boxes ...
- statistics - a manufacturer of detergent claims that the contents of the boxes ...

More Related Questions