An insurance company has determined that the cost
Question # 00602075
Posted By:
Updated on: 10/11/2017 05:39 AM Due on: 10/11/2017
An insurance company has determined that the cost of a certain medical procedure varies according to a normal distribution with a mean of $800 and a standard deviation of $40.
If a new insurance claim comes in for this particular medical procedure, what is the probability that the claim will be less than $900?
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Rating:
/5
Solution: An insurance company has determined that the cost