Solution to The mean annual cost of car insurance is Rs 9450 and standard deviation of Rs … - Sikademy
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Loveth Chisimdirim

The mean annual cost of car insurance is Rs 9450 and standard deviation of Rs 250. What is the probability that the average insurance cost of a sample of 25 cars will be between Rs 9400 and Rs 9500?

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X~N(\mu,\frac{\sigma^2}{n})

given~\mu=9450,\sigma = 250,n=25\\ p(\frac{9400-9450}{\frac{250}{\sqrt{25}}}<z<\frac{9500-9450}{\frac{250}{\sqrt{25}}})\\ p(-1<z<1)\\=0.6827

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