Suppose that yearly health care expenses for a family of four are normally distributed with a mean e
Question: Suppose that yearly health care expenses for a family of four are normally distributed with a mean expense equal to $3,000 and a standard deviation of $500. An insurance company has decided to offer a health insurance premium reduction if a family's health care expenses do not exceed $2,780. What percentage of families will be eligible for the premium reduction?
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Deliverables: Word Document
Deliverables: Word Document
