(Solution Library) 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
Question: 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 simple random sample from the long-run claims process.
The mean and standard deviation of the sampling distribution for the average x of the next 100 claims is
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