Mean payout for all automobile claims
An insurance company's records show that the mean payout for all automobile claims is $1800 and the standard deviation is $400. Suppose 90 claims are filed in one week. What is the probability that the average (sample mean) is more than $1900?
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There is nothing particularly new or crisis-like about this. Such attempts to situate literary studies in relation to the social sciences are a commonplace of nineteenth-century thought, from Hegel to Taine and Dilthey. What seems crisis-like is,
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