## MT220- An insurance company has 10000 automobile policy holders Statistical Methods & interference assignment help

**Code –MT220Assignment Help**

**Subject – Statistical Methods & interface Assignment Help**

## Assignment Details

### Question 1

An insurance company has 10000 automobile policyholders. If the expected yearly claim per policyholder is $260 with a standard deviation of $800, what is the expected total yearly claim of all 10000 policyholders?

Group of answer choices

- 260
- 26000
- 8000000
- 2600000

### Question 2

An insurance company has 10000 automobile policyholders. If the expected yearly claim per policyholder is $260 with a standard deviation of $800, what is the standard deviation of the total yearly claim of all 10000 policyholders?

Group of answer choices

- 260
- 800
- 80000
- 8000

### Question 3

An insurance company has 10000 automobile policyholders. If the expected yearly claim per policyholder is $260 with a standard deviation of $800, calculate the probability that the total yearly claim exceeds $2.8 million (= 2.8 x 106)

Group of answer choices

- 006
- 002
- 009
- 013

### Question 4

Given that the mean contents of bags of salt labeled as containing 1 kg is 1003 g and that the standard deviation of their contents is 2 g. Suppose a random sample of 5 bags is taken. What is the expected value of the total contents of a sample of 5 bags?

Group of answer choices

- 4995
- 5015
- 4550
- 4725

### Question 5

Given that the mean contents of bags of salt labeled as containing 1 kg is 1003 g and that the standard deviation of their contents is 2 g. Suppose a random sample of 5 bags is taken. What is the standard deviation of the total contents of a sample of 5 bags?

Group of answer choices

- 472
- 122
- 595
- 982

### Question 6

Given that the mean contents of bags of salt labeled as containing 1 kg is 1003 g and that the standard deviation of their contents is 2 g. Suppose a random sample of 5 bags is taken. What is the expected value of the mean contents of a sample of 5 bags?

Group of answer choices

- 1003
- None of the above
- 2006
- 5015

### Question 7

Given that the mean contents of bags of salt labeled as containing 1 kg is 1003 g and that the standard deviation of their contents is 2 g. Suppose a random sample of 5 bags is taken. What is the variance of the mean contents of a sample of 5 bags?

Group of answer choices

- 8
- 6
- 7
- 9

### Question 8

Given that the mean contents of bags of salt labeled as containing 1 kg is 1003 g and that the standard deviation of their contents is 2 g. Suppose, a random sample of 5 bags is taken. Assuming that the contents of the bags of salts are normally distributed, What is the probability that the mean contents of a sample of 5 bags will be less than 1 kg?

Group of answer choices

- 0009
- 0002
- 0007
- 0004

### Question 9

The mean height of all the elderly women in a city is 160 cm and the variance of their heights is 36 cm2. If a sample of 50 elderly women is taken, what is the probability that their mean height will be within 1 cm of the mean height of the population of elderly women in the city?

Group of answer choices

- 91
- 54
- 48
- 76

### Question 10

The mean height of all the elderly women in a city is 160 cm and the variance of their heights is 36 cm2. If a sample of 60 elderly women is taken, what is the probability that their mean height will be less than 158 cm?

Group of answer choices

- 016
- 023
- 005
- 009

## MT220- An insurance company has 10000 automobile policy holders Statistical Methods & interference assignment help

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