Question

In: Statistics and Probability

Your car insurance company has learned, from years of experience, that the amount they have to...

  1. Your car insurance company has learned, from years of experience, that the amount they have to pay for claims arising from drivers hitting a deer follows the Normal Distribution with a mean of $4,000 and a standard deviation of $500.

What percentage of the deer claims this year do we expect to fall between $4,000 and    $5, 000?

What is the probability that the next deer claim we get will fall between $3,500 and         $4,000?

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Expert Solution

orchestra answered 2 years ago
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