For Problems 16 and 17 refer to the following information. An automobile insurance company has const
Question: For Problems 16 and 17 refer to the following information.
An automobile insurance company has constructed the chart below, where X is the amount of the claim to the nearest $5000.
X P(X)
$0 0.70
$5000 0.25
$10000 0.05
(a) Find the mean average claim amount.
(b) Find the standard deviation of this distribution.
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See Answer: The solution consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
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Solution: Write the null and alternative hypotheses for the following claims: a. There is a difference in the #29022
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