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?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Mean payout for all automobile claims
Reference No:- TGS0122340

Expected delivery within 24 Hours